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Mortgage payment supplements

  • 02-02-2009 10:48am
    #1
    Martin72
    Closed Accounts Posts: 19 ✭


    Hi ,
    does anyone know how long a person can collect mortgage payment supplements from the social welfare for after loosing your job?
    i have heard it is only 12 months from some people and then some others say longer but no one seems to be 100 percent sure?


Comments

  • #2
    cooperla
    Closed Accounts Posts: 155 ✭✭cooperla


    I've heard (2nd hand - a friend of the wifes) of someone who recently lost their job and have been given the supplement for up to 12 months.


  • #3
    Martin72
    Closed Accounts Posts: 19 ✭Martin72


    Thanks , that seems to be the timeframe that people seem to be throwing about.


  • #4
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    It might be longer - it may be that it just gets reviewed after the 12 months.


  • #5
    John Mason
    Hosted Moderators Posts: 10,661 ✭✭✭✭John Mason


    the supplement isnt great.

    My friend is getting €25.00 a week towards her mortgage of €100k


  • #6
    dny123456
    Closed Accounts Posts: 431 ✭✭dny123456


    That's not very much. How do they calculate the amount do you know? Is it capped? Or a percentage of the repayment?
    ...
    ..
    Actually just did a search, came across this,

    http://www.welfare.ie/EN/Schemes/SupplementaryWelfareAllowance/Pages/MortgageInterstSupplement.aspx

    I think it's saying the will pay all ensuring that your 'income' does not fall below a threshold (this level is the Supplementary Welfare Allowance minus €18). So potentially all, but it depends.


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  • #7
    John Mason
    Hosted Moderators Posts: 10,661 ✭✭✭✭John Mason


    dny123456 wrote: »
    That's not very much. How do they calculate the amount do you know? Is it capped? Or a percentage of the repayment?

    havent got a clue tbh


  • #8
    dlambirl
    Registered Users, Registered Users 2 Posts: 2,062 ✭✭✭dlambirl


    I'd like to know about this too....

    Thanks


  • #9
    Martin72
    Closed Accounts Posts: 19 ✭Martin72


    i have now been told that it is up to a mximum of 3 years but am still not 100% sure. :confused:


  • #10
    Ste.phen
    Registered Users, Registered Users 2 Posts: 2,808 ✭✭✭Ste.phen


    pink fluffy bunny wrote: »
    the supplement isnt great.

    My friend is getting €25.00 a week towards her mortgage of €100k

    As far as I know it's something to do with the interest payments only. They won't pay towards your house, they'll just help you out if you can't pay the interest.


  • #11
    dlambirl
    Registered Users, Registered Users 2 Posts: 2,062 ✭✭✭dlambirl


    Ste.phen wrote: »
    As far as I know it's something to do with the interest payments only. They won't pay towards your house, they'll just help you out if you can't pay the interest.

    But its the interest that the majority of most mortgage payments consist of until half way through the mortgage.


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  • #12
    Ste.phen
    Registered Users, Registered Users 2 Posts: 2,808 ✭✭✭Ste.phen


    dlambirl wrote: »
    But its the interest that the majority of most mortgage payments consist of until half way through the mortgage.

    Well then i've got no idea :)


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