Social Welfare Mortgage Holders - What Next?

Alwyn

Registered User
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244
A general question - what is the outcome if a mortgage holder ends up on social welfare? Do the banks play ball and except a token payment each month or is repossession inevitable?
 
The person on social welfare could apply for mortgage interest supplement

The bank should be informed of the situation as soon as possible at least if they are aware of what is happening, the sooner a plan can be put in place to help the borrower.
 
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