Mortage Repayments and Supplementary welfare allowance

Darith

Hello,

I'm curious about mortage reyaments in the event one has to apply for supplementary welfare allowance in the unfortunate occurance that one has lost one's job. I presume it's mean tested and would swa cover all mortage repayments except to 30-40 euro pw as the same as rent allowance? I would appreciate an explanation of mortage principal and interest repayments and how it would tie into this scenario?

Dempo1

I'm afraid NOT, there is no current support mechanism in the SW system to help towards mortgage payments. Indeed Mortage interest supplement ended in 2014 and wasn't a welfare support in the true sense.

There are supports regarding Rents through HAP and rent supplement (short term and means tested) but absolutely no supports towards mortgage payment.

TooTired123

https://www.boards.ie/discussion/2058241171/mortage-repayments-and-supplementary-welfare-allowance

If you lose your job and are going to be unable to pay your mortgage you have to alert your lender immediately and by law, they have to work with you to find a solution of some kind.

I would also encourage you to make contact with your local MABS office and they will assist you to manage all your outgoings.

As Dempo quite rightly says, SWA is not an option when it comes to mortgage repayments.

Dempo1

https://www.boards.ie/discussion/comment/118913052#Comment_118913052

And @TooTired123 completely correct re contacting your lender and Mabs (absolutely brilliant) 😏