Smi change in benefit how do i calculate change in smi?

[onestressedwoman]

HI

 

After my ESA review I am in support group.

 

I have received SMI payments toward £56,000

 

As when they started paying my SMI it was before you could get interest on up to £200,000

 

And so it never applied to me.

 

However as my benefit went through a review for ESA it is treated like a new claim?

 

In my tiny mind I thought that maybe assistance with payments would now be times by 4

 

But it hasn't been?

 

How do I work out what they are meant to pay? I have looked for an online calculator but cant find one?

 

OSW

[christopherlaw]

http://www.nidirect.gov.uk/benefits-adviser

 

here's one, there are many. this one is throughthe cab

[onestressedwoman]

I found an entitled to calculator and it appears my tiny little brain was wishful thinking

 

still dont understand how its worked out give my original smi payment was based on 56k and new calculation on 200k payment is £100 more ???

[antone]

The fact that you've had a review and been placed in the SG should not make any difference to your SMI entitlement. The DWP will make payments to your lender based on the actual value of your mortgage. They use a standard assumed interest rate which was 3.63% when I left the DWP in 2010.

 

So basically, if the amount outstanding on your mortgage is £56,000 then they'll pay the interest on that, assuming the interest rate on your loan is 3.63% or less.

[onestressedwoman]

Antone

 

 

No I wasn't clear when my SMI first calculated maximum amount for interest was based upto £56k

 

And I could have had interest calculated on £200k if I had stopped my claim and issued new claim but DWP advised that would take ages and I would be in an arrears position again

 

As my ESA entitlement was classed now as a new claim it is now calculated on £200k

 

does that make sense?

 

Therefore I thought the calculation would show entitlement upto the £200k ?

 

My interest rate is 4.99%

 

My mind is swiss cheese ! Just realised original calculation was based on 100k + 56k allowed adaptations and repairs

 

So now should be 200k + 56k repairs ?

 

If this is the case then calculation may have only been made on 200k rather than including the adaptations and repairs already agreed ???

[antone]

Ah, right, I see. Yes, that makes sense but I'm afraid I don't know the answer to the question

 

Were you an IB claimant before you were on ESA? Has there been any period where you were not claiming either benefit?

[onestressedwoman]

Yes I was a IB claimant before been through all the stresses of reassessment for ESA -

 

No its has been a continuous claim other than when the stopped IB to move me to ESA

[estellyn]

As far as I'm aware the approved repairs are included in the 100K limit or 200K limit, not added to them.

[onestressedwoman]

Estellyn when I first applied I'm sure 56 was on top of 100 - they went through loads of info - suppose I will have to dig out all the old paperwork

 

If it wasn't included my new payment on 200 allowance should be double what I was getting surely ?

 

In fact all these new calculations are very confusing !!!

[mercyblue]

Antone

 

 

No I wasn't clear when my SMI first calculated maximum amount for interest was based upto £56k

 

And I could have had interest calculated on £200k if I had stopped my claim and issued new claim but DWP advised that would take ages and I would be in an arrears position again

 

As my ESA entitlement was classed now as a new claim it is now calculated on £200k

 

does that make sense?

 

Therefore I thought the calculation would show entitlement upto the £200k ?

 

My interest rate is 4.99%

 

My mind is swiss cheese ! Just realised original calculation was based on 100k + 56k allowed adaptations and repairs

 

So now should be 200k + 56k repairs ?

 

If this is the case then calculation may have only been made on 200k rather than including the adaptations and repairs already agreed ???

 

So if your claim was based on 56k surely that is the only figure they have to use?

[onestressedwoman]

No SMI payment was 100k + allowable repairs and improvements

 

now calculation is based on 200k and I think the 56k should be added to that but unsure but you would think it would have been given it was added to original claim maybe the is a change in legislation

[lld01]

If they were previously allowing help towards £156k then that should not change.

 

How much do you actually owe on the mortgage and how much were dwp paying towards it previously?

[onestressedwoman]

320k - SMI £437 ish

Payment to me last month £537 but this month £357 ??? I'm totally lost

 

Apologies only just seen this reply