Mortgage on universal credit unfair than rent - Page 2 — Scope | Disability forum
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Mortgage on universal credit unfair than rent

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  • Lisatho11987777
    Lisatho11987777 Scope Member Posts: 5,911 Disability Gamechanger
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    Thank you for the explanation it has been very help full and put in a way that is easy to understand 
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  • OverlyAnxious
    OverlyAnxious Community member Posts: 2,616 Disability Gamechanger
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    MarkIngleton said:
    That's a laugh I got 1 .25 last year interest for the whole  year 
    £1.25 on £20k!?  Savings rates are bad since Covid, but they're not that bad.  :o  

    Worth looking around for a better rate if that wasn't an exaggeration.  Even at 0.5% you'd get £100 a year.
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  • calcotti
    calcotti Community member Posts: 10,010 Disability Gamechanger
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    MarkIngleton said:
    That's a laugh I got 1 .25 last year interest for the whole  year 
    The deduction for savings is not meant to reflect interest available on them, there is an expectation that a claimant erodes the capital.

    The ridiculous bit is that the limits have been unchanged for many years (along several other aspects of benefits).
    Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
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