'Super-rich' claiming benefit lose help on large mortgages
Monday 02 August 1993
The Department of Social Security has introduced a ceiling of pounds 150,000 for new claims, effective from today. A new claimant who has a mortgage of pounds 200,000, for example, will not get any help on pounds 50,000 of it. The ceiling will be further reduced to pounds 125,000 next April.
The move follows a number of cases in which previously high earners fallen on hard times remained in luxurious homes with their mortgage interest payments taken care of. Last week it was revealed that the DSS was paying pounds 1,520 a month in interest payments for a woman living in a 14-bedroom castle in the Cotswolds.
'This is really aimed at the 'super- rich' sitting in their mansions, people who could have taken out insurance to protect their mortgage payments,' a DSS spokesman said yesterday.
The current restriction which limits payment of mortgage interest to 50 per cent during the first 16 weeks of a claim will also apply to people with mortgages greater than pounds 150,000.
According to the DSS, 2,000 people on income support receive help towards loans of more than pounds 150,000.
Geoffrey Macnab does not like the comedian's big screen debut
Look beyond the usual shows for the best festive telly
The battle for control of Stieg Larsson's £30m legacy
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
The unluckiest people of the year 2013
Two PAs cleared of fraud - and Nigella Lawson left reeling at 'ridiculous sideshow' of drug allegations and public dissection of her marriage to Charles Saatchi
Burglar steals video tapes of child abuse, hands them into police
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
David Cameron takes his biggest gamble yet as he gets tough on Europe over immigration
- 1 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 #Teamnigella: It’s the only side to be on
- 4 Christmas comes early: Justin Bieber is 'retiring from music'
- 5 Burglar steals video tapes of child abuse, hands them into police
- < Previous
- Next >
£59999 - £80001 per annum + Benefits: Pro-Recruitment Group: A Top 10 firm in ...
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Project Manage...
Negotiable: Capita Education Resourcing Permanent Team: Year 5 Teacher - Gilli...
£60000 - £90000 per annum + benefits + bonus: Harrington Starr: Business Analy...