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How do they work out MIR help?

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I thought that after 13 weeks if in receipt of JSA then you'd be entitled to MIR. So forms duely filled out and sent off. Then I get a letter telling me what is to be paid which falls short of the actual amount.


The mortgage is with one lender but is split due to moves and has always been with the same lender. No loans have been taken out other than to purchase properties we have bought and sold and lived in due to the changing location of my job prior to being made redundant. I've always been unhappy that we have what appears to be 3 mortgages ( all with the same lender) but we consider it to be one.


I think that the JSA, MIR only applies to the very first mortgage and not the subseqent two. Despite requests to the necessary JSA people all I get is that it's based on the info supplied by the mortgage company.


Does anyone know how it works????

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It is calculated on a Standard Interest Rate which is usually based on the Bank of England Rate plus 1.58%. The last I heard it was frozen in November 2008 at 6.08%.


The capital limit up to which mortgage interest can be met is currently £200,000.


you may find the following legislation useful: The Social Security (Housing Costs Special Arrangements) (Amendment and Modification) Regulations 2008 No. 3195


In regard to the Standard rate, the above amends paragraph 11 (the standard rate) of Schedule 2 to the Jobseeker’s Allowance Regulations; below:


The Jobseeker's Allowance Regulations 1996

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