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Mortgage help

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  • 16-02-2021 1:33pm
    #1
    katy39
    Registered Users Posts: 115 ✭✭


    My Dad will be 65 soon and will be leaving his job but he still has 37000 left on his mortgage, would he get help paying his mortgage or will he have to pay it out of his JSA/pension.


Comments

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    #2
    Bass Reeves
    Registered Users Posts: 18,150 ✭✭✭✭Bass Reeves


    As far as I know SW will only give a hand with interest not capital repayments. What sort of repayments per.months are they and how many years left

    Slava Ukrainii



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    #3
    Dodge
    Registered Users Posts: 10,153 ✭✭✭✭Dodge


    katy39 wrote: »
    My Dad will be 65 soon and will be leaving his job but he still has 37000 left on his mortgage, would he get help paying his mortgage or will he have to pay it out of his JSA/pension.

    He’ll have to pay it himself. No question


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    #4
    katy39
    Registered Users Posts: 115 ✭✭katy39


    Bass Reeves wrote: »
    As far as I know SW will only give a hand with interest not capital repayments. What sort of repayments per.months are they and how many years left

    Its 414 a month including 38 interest 6 years left.


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    #5
    katy39
    Registered Users Posts: 115 ✭✭katy39


    its just that I heard of people getting 900 with HAP which seems alot so I was hoping he might get some help.


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    #6
    Bass Reeves
    Registered Users Posts: 18,150 ✭✭✭✭Bass Reeves


    katy39 wrote: »
    Its 414 a month including 38 interest 6 years left.
    katy39 wrote: »
    its just that I heard of people getting 900 with HAP which seems alot so I was hoping he might get some help.

    Hap is a rental subsidity, My understanding is that while SW may help with interest part of the payment they will not help with the capital part of the repayment. Would your father consider renting a room in the house. The income off this is tax free and could defray the mortgage repayment

    Slava Ukrainii



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    #7
    katy39
    Registered Users Posts: 115 ✭✭katy39


    @ BassReeves Its only a 1 bed .


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    #8
    katy39
    Registered Users Posts: 115 ✭✭katy39


    and Im not sure if that would effect his mortage


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    #9
    Bass Reeves
    Registered Users Posts: 18,150 ✭✭✭✭Bass Reeves


    He can try SW but it's outside general criteria.

    Slava Ukrainii



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