Re: And so the world turns

SteveH spoke:
> > DSS bod, "Well if you sell your house and then rent something, we'll
> > pay the rent."
> >
> > Me, "But the rent will be twice as much as my mortgage is!"
> >
> > DSSB, "That's what we'll do."
>
> That's absolutely crazy..... so, if I was made redundant, I could, in
> theory, sell our house to one of our parents, for example, then the DSS
> would pay the 600 quid / month rent, rather than cover the interest
> payments on the mortgage? (Don't have a statement to hand, but, ISTR,
> they'd be in the region of £150).

Yup - they (Tories, after promoting home ownership and practically
engineering the negative equity fiasco in the early 1990s) changed the
rules - the onus is on the mortgagee to take out protection insurance,
which is a hoot if you are self employed - costs the same, but you don't
get any unemployment pay-out.

--
Rob_P
UKRM(at)indqualtec.co.uk
uppercase(d) BBIWYMC#1 BOG#11? MRO#31 IBCDBBB#1(kotl)
FJ1200, CCM130
Rebel without a clue

.

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