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    • I think it was from 18months ago.    You’ll probably think I’m fussing again but I’ve got a feeling they’ll take mine further due to the shear amount that is owed, I’ll be astounding if they don’t. 
    • as I said read the date of the thread many moons ago.   its not illegal either, debt is a civil matter not a criminal one.   dx  
    • Hi Andy   Thank you for the link, it was very helpful, appreciate it.    I was actually made to feel quite 'stupid' and felt as if i was wasting the forums time on this thread after DX's comments in post #38.      Please see attached the necessary documents, please do let me know if you require anything else, many thanks.   Files attached:  - Default Notice   - statement of Default Notice  - Reconstituted Agreement & T&Cs - 3 different sets   P.S - sorry about the quality of the T&Cs, the high quality files were too large and had to reduce them.   Thanks, Roland   Exhibit JK1.pdf
    • If it’s so easy to get shut of a PayPal negative balance how come everyone doesn’t do it as such? I guess it’s morally wrong but not illegal!?    I read a thread were a PayPal employee said “paypal WILL take you to court and WONT let it lie, they have a specialist team that chase negative accounts over a ceratain amount which I’ll defo meet that criteria 
    • date of claim 14th November (2019)   What is the claim for – the reason they have issued the claim?  1) The claim comprises the following agreement the defendant entered into: a. JD Williams & Co with reverence 1234567 and current balance of £559.77 The agreement was terminated as payments were not maintained and subsequently assigned to the claimant. And the claimant claims: a) The said sum of £559.77 b) Interest pursuant to # s69 County Courts Act 1984 at the rate of 8% per annum from the date of assignment to the date of issue, but limited to one year, being £44.ui c) Costs   What is the total value of the claim? £735   Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? Yes  Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? No Did you inform the claimant of your change of address? Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Catalogue   When did you enter into the original agreement before or after April 2007 ? Before   Do you recall how you entered into the agreement...On line /In branch/By post ? I think by post   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? No   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Debt purchaser - Lowell   Were you aware the account had been assigned – did you receive a Notice of Assignment? Yes   Did you receive a Default Notice from the original creditor? Yes   Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? Yes   Why did you cease payments? Couldn’t afford the interest    What was the date of your last payment? Over two years ago to the DCA   Was there a dispute with the original creditor that remains unresolved? No Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? Yes
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mama14

Mortgage Interest Payments on Income Support

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Could anyone help me out with the above subject, people keep mentioning it, but i'm not quite sure how it works.

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Thanks Mikey for your prompt reply. That is a very good webpage.

 

Would you know if we went ahead with the Mortgage Interest Payment, would the Income Support get in touch with our Mortgage Lender or would we do it ?

 

Thanks,

 

Angela

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I.S send you a form called a MI12, you give it to your mortgage lender to fill out then they post it back to I.S

Its then processed and if you qualify your payments are made direct to your lender

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Ok thanks again, I have seen contradictory advice on other websites about the capping rules for SMI. We currently have a +0.5% above variable rate mortgage. This means we currently pay only 1.00% interest, but when interest rates rise (which I'm pretty sure they will and hubby won't rule out double digit inflation) we will pay more. The SMI is capped @ around 6% (pretty much every site backs this up) but I have received info stating that we would get 6% and others 1%

 

for example this quote

If awarded SMI it will be paid directly to the lender, this may go towards easing your current situation. SMI can also be advantageous if your interest rate is below 6% at the moment, as SMI is paid at around 6% so can for some help pay some equity/arrears as well as the interest

 

Youreable.com | Mortgage interest whilst in JSA ...

 

implies we get the full 6% no matter our interest rate

 

while the shelter site says

 

If your mortgage interest rate is lower than the standard rate all of the interest will be covered but if it is higher than average you will have to pay the difference from any income or savings you may have

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You would get the 6%, everybody gets the same, there are winners and losers

If you are tied in higher then the 6% you win, if below you win.

There has to be a standard rate just imagine the work involved if every claim was paid differently

Only the interest is paid on your mortgage so in effect you would be lucky as the remainder after paying your 1% should bring your balance down

 

If you reread the shelter quote its correct

 

The rate does change from time to time

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Ok thanks Mikey, I've done some more reading on this:

 

I can confirm the standard rate is/was normally 1.58% above the BOE base rate but was set at 6.08% to help homeowners in the recession. This rate applies until December 2009, and applies to everyone who qualifies.

 

info4local - Information for local government - Support for Mortgage Interest

 

Obviously when the housing market picks up I'm sure this rate will fall (unless interest rates begin to rise anyway).

 

I will now need to check whether I can get my mortgage lender to suspend/reduce capital repayments as the numbers currently do not look good. I'm currently repaying £4k per year which will be a huge chunk of my Income.

 

I shall report my progress in case it provides help to other readers.

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If they do watch how the figures are worked out, once I had my mortgage reduced whilst unemployed for a few months it if I hadnt moved house then that mortgage would have run for an extra twelve months, quite shocking, but I was so grateful for the help they gave me at the time that I didnt check how the reduced paymrents would affect the outstanding balance.

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