Requires a time machine,
or some extremely prescience:

Buy a house on a mortgage at 0.49% above the base rate (current total interest on my debt is 0.99%);
Lose job 2 years after buying said house;
Convert mortgage to interest only for duration of unemployment;
Claim mortgage interest support from DWP.

Now, due to some penny-pinching government knob wanting to cut a few back-office jobs in the last administration, rather than paying the punter an allowance of debt times interest charged, there is a flat rate payment of debt times the Bank of England "average mortgage interest rate". Which is currently 3.63%.

This means that the DWP are paying about £180 a month more to my mortgage supplier than needed to service the interest. I can, and do, claim that back as an overpayment.

I don't agree with this, as effectively it's another tax on the poor who, almost invariably, pay much higher interest on their loans. I've even explained this to the DWP and their response is "it's the rules, so you're entitled to the money". Also, if I leave my overpayment in the mortgage account, it will show up as such and the DWP is entitled to claw the excess back at a yearly review.

As the payments are not enough to cover the repayment side of my mortgage, I'd be an idiot not to just take the money.

I still don't think that it's just though.
( P-MONKE We're all fucked, Mon 14 Nov 2011, 16:26, 4 replies)

I don't know what any of that means

(TheManWithThePlan cussed your mum on, Mon 14 Nov 2011, 16:36, closed)

0-o

( The Mock Turtle ™ --- Thinks you are a cunt, on, Mon 14 Nov 2011, 16:50, closed)

well they'll only go and spend it on something stupid otherwise
like subsidising arms sales to terrorists or something.
(teasus likes tea, Mon 14 Nov 2011, 19:58, closed)

If you feel bad about it
Why not donate some of the free cash to Shelter and help out people that are suffering the raw end of the housing market? Just a thought.
(tomegranate, Tue 15 Nov 2011, 0:15, closed)