Hi, I am unemployed and actively seeking an IT or secretarial job, with little success so far. I have just had a statutory charge registered on my property, where I reside with my 10 year old son. Can I receive government help in paying the interest on this charge, which amounts to almost £800 per year? I already receive help in paying the interest on the mortgage.
I take your point about the government loan accruing interest, the interest then being paid by the government, to be absurd, given that one cancels the other.
However, I would argue whether there should be any interest being charged at all. Historically it wasn''t and if I were able to find a job, I''d have no problem paying the interest and would in all probability seek a remortgage to pay off the statutory charge in full.
As I receive help paying interest on my mortgage which secures my home whilst not working, I do not see why the interest on another charge over my home would not also be considered.
The government is very familiar with giving with one hand and taking with another in any event .