From the TUC

Cuts Watch #262: Support with Mortgage Interest Payments

28 Sep 2010, by in Cuts Watch

Channel 4’s Cuts Check has picked up on the Government’s recent cut to the rate at which Support with Mortgage Interest will be paid.

4 Responses to Cuts Watch #262: Support with Mortgage Interest Payments

  1. Cuts Watch #262: Support with Mortgage Interest Payments … | Trial Pay Offers Selection and Help
    Sep 29th 2010, 2:29 am

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  2. Barry Culley
    Oct 15th 2010, 10:49 am

    Just try and find an interest only mortgage from a High Street Lender for under 6%, let alone 3.63%, which is what the Government are now paying. Very quickly the poorest and disabled people in our society will fall into arrears and end up having their homes repossessed. Are these really the actions of a caring Government? THE FAIREST ANSWER TO ALL IS TO PAY THE RATE OF INTEREST THAT THE LENDER CHARGES THE CUSTOMER, THEN NOBODY WOULD GAIN OR LOSE.

  3. Bernard Martin
    Oct 19th 2010, 4:22 pm

    I agree with Barry. Like ‘000’s I now face repossession following this draconian 40% cut in MIS – just to “save” a paltry £20m!
    Those on Benefits (i.e. poor) are obviously a soft target – not organised with no ability to fight injustice and unfairness.
    Surely there is a case against the Gov’t for gross maladministration of this “one-size fits all” scheme.
    Who can stand up and publicly speak for us … like Joanna Lumley did for the Gurkas?

  4. Barry Culley
    Oct 19th 2010, 7:40 pm

    Bernard is quite correct; there should be grounds for a case against the Government. Every day it is becoming clearer that George Odbod hasn’t a clue what he is doing with his slash and burn changes. He seems incapable of seeing the bigger picture. Some of his changes will actually cost more to implement than they will save. Doesn’t sound much like Economics to me! I suppose the only consolation is that day by day the b-ggers are digging a deeper pit for themselves. Eventually we will get rid of them and many of us will never see them in government again in our lifetimes.