Query on mortgage interest supplement - boards.ie
Boards.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Post Reply  
 
Thread Tools Search this Thread
30-03-2012, 11:17   #1
sunflower27
Closed Account
 
Join Date: Dec 2008
Posts: 8,297
Query on mortgage interest supplement

Hi everyone

I am due to finish a jobbridge internship in 2 months. After that I think I have 2 months on JSB and then will have to apply for JSA - in the event of not securing employment.

I don't have any great savings and I have gone interest-only on my mortgage (which comes to a total of €700/month). My current tenant is moving overseas at the end of April so I will have to try and get someone in, although that may prove difficult for a while.

Can anyone tell me if I would qualify for MIS? And also the procedure I need to follow to be means tested for JSA.

Many thanks.
sunflower27 is offline  
Thanks from:
Advertisement
31-03-2012, 14:32   #2
sunflower27
Closed Account
 
Join Date: Dec 2008
Posts: 8,297
Anyone?
sunflower27 is offline  
Thanks from:
31-03-2012, 19:20   #3
marlie2005
Registered User
 
Join Date: Jul 2008
Posts: 168
As far as i know Mortgage Interest Supplement is only paid to your private resisdence. You won't get it if you are renting your house out. Are you just renting a room or the whole house ?
marlie2005 is offline  
31-03-2012, 23:35   #4
sunflower27
Closed Account
 
Join Date: Dec 2008
Posts: 8,297
Quote:
Originally Posted by marlie2005 View Post
As far as i know Mortgage Interest Supplement is only paid to your private resisdence. You won't get it if you are renting your house out. Are you just renting a room or the whole house ?
Hi Marlie and thanks for your reply

I am renting a room in my house, but the tenant is moving out at the end of the month. If I don't get anyone in asap I cannot afford the interest-only part of my mortgage.
sunflower27 is offline  
Thanks from:
31-03-2012, 23:40   #5
Stheno
Registered User
 
Stheno's Avatar
 
Join Date: Jul 2004
Posts: 21,016
You should be covered for MIS, thought the rent from your tenant may be considered.
Stheno is offline  
Advertisement
31-03-2012, 23:57   #6
sunflower27
Closed Account
 
Join Date: Dec 2008
Posts: 8,297
Quote:
Originally Posted by Stheno View Post
You should be covered for MIS, thought the rent from your tenant may be considered.
Thanks

Do you know how they work the rate out? I won't have a tenant after the end of April and it will probably take me a while to get one.
sunflower27 is offline  
Thanks from:
04-04-2012, 12:09   #7
sunflower27
Closed Account
 
Join Date: Dec 2008
Posts: 8,297
Hi all, I am meeting with a guy in my local social welfare office tomorrow about getting MIS. I explained my circumstances to him and he said I should have no problem qualifying.

Can anyone give me an idea of how much I can expect to receive if my interest per month on my mortgage is €700.

I was told I have to take forms to my bank and get them to fill out.

How is payment then received?

Thanks in advance.
sunflower27 is offline  
Thanks from:
04-04-2012, 12:49   #8
cee_jay
Moderator
 
cee_jay's Avatar
 
Join Date: Jun 2005
Posts: 3,640
How to calculate MIS is here:
http://www.citizensinformation.ie/en...upplement.html
cee_jay is offline  
Thanks from:
Post Reply

Quick Reply
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Please sign up or log in to join the discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Share Tweet