mortgage intrest allowance. question

lighting

I have had the worst couple years of my life to date. I rented out my home 2 years ago because I couldn't keep up with the mortgage repayments due to a decline in business. I did not know I was entitled to any social welfare because I was self employed. I paid the intrest part from rent and lived on the remainder . that was my only income for over a year.

to cut a long story short.

when I rented my house i lived from friend to family and even in my car (in the winter). things got so bad I went to the welfare office 6 mths ago and to my surprize , they agreed to pay me assistance from my fathers address (my father wants his own space). I stay there most times. my house is 150k plus in negative equity and arrears.

I need to move back into my own house. but no way can I afford the repayments at present. will the state help me pay the intrest only. while I try sort out my life. if I can bring stability to my life, im sure I can progress in relation to work.

but ill end up on the streets full time. if I don't sort something out soon. please advice

lighting

if I knew how the system worked. id never have rented out my house and not lived (on the streets basically). what I had done, because I was so proud.

I was geting 1000 rent . which I paid 550 intrest only to the bank and 250 towards the debts of the company I had. I lived on 200 euro a mth for over a year. but this made things worse , not better.

CAN I APPLY FOR THIS MORTGAGE INTREST SUPPLEMENT BEFORE I GIVE MY TENNANT NOTICE. THE LEASE IS UPAT PRESENT. BUT I DONT WANT TO LOSE TENNANT AND THEN BE LEFT WITH ANOTHER BILL I CANT AFFORD. BUT I NEED A PLACE TO LIVE.

I would appreciate any advice.

thanks,
depressed.

mp22

So are you in receipt of a social welfare payment?

lighting

yes. 188 euro per week assistance.

mp22

You can try for this http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/supplementary_welfare_schemes/mortgage_interest_supplement.html

Faith+1

That's an awful situation to be in OP. I hope things get sorted for you.