- Posts: 51284
× Members
Housing costs on ESA
- Alison
- Topic Author
10 years 2 months ago #136157 by Alison
Housing costs on ESA was created by Alison
I have just received a letter this morning that my housing costs will be reduced in 2 weeks due to a change in my circumstances. However, nothing has changed and my mortgage is fixed rate. They are not open to contact until Monday morning. Does anyone have any idea what this might be?
- Gordon
- Offline
Less More
10 years 2 months ago #136175 by Gordon
I'm sorry but without more information any suggestion would just be a guess.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Housing costs on ESA
Alison wrote: I have just received a letter this morning that my housing costs will be reduced in 2 weeks due to a change in my circumstances. However, nothing has changed and my mortgage is fixed rate. They are not open to contact until Monday morning. Does anyone have any idea what this might be?
I'm sorry but without more information any suggestion would just be a guess.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
The following user(s) said Thank You: Alison
- Alison
- Topic Author
10 years 1 month ago #136324 by Alison
Replied by Alison on topic Housing costs on ESA
Just in case anyone is interested, It wasn't a change in my circumstances as the letter said, but an across the board drop in the interest rate that the government are prepared to pay towards the mortgage interest, so a lot of people will be getting a reduction in help.
- Gordon
- Offline
Less More
- Posts: 51284
10 years 1 month ago #136344 by Gordon
Thank you for the update.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Housing costs on ESA
Alison wrote: Just in case anyone is interested, It wasn't a change in my circumstances as the letter said, but an across the board drop in the interest rate that the government are prepared to pay towards the mortgage interest, so a lot of people will be getting a reduction in help.
Thank you for the update.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
- Spaceman
- Offline
Less More
- Posts: 118
10 years 1 month ago #136391 by Spaceman
Replied by Spaceman on topic Housing costs on ESA
What rate have they dropped it to Alison? I think it was 3.63% before.
- bro58
10 years 1 month ago #136396 by bro58
Replied by bro58 on topic Housing costs on ESA
Hi DJ,
"The standard interest rate used to calculate SMI is 3.63%. From 6 July 2015, the rate will be 3.12%."
From : Gov.Uk. SMI
See also : The Guardian Article on SMI.
I'll lock this topic as SMI is not really within the forum remit.
bro58
"The standard interest rate used to calculate SMI is 3.63%. From 6 July 2015, the rate will be 3.12%."
From : Gov.Uk. SMI
See also : The Guardian Article on SMI.
I'll lock this topic as SMI is not really within the forum remit.
bro58
Moderators: bro58, Gordon, latetrain, BIS, Catherine, Chris, David, Angel