Mortgages, being unemployed, etc, etc, etc ..(Split from national healthcare thread)
Aug 12th 2009, 9:25 pm
#76
@matthewb76
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Re: Confused Yankee wants the truth on uks example of a national health care.
When you're verging on facism, you'll think everything is left wing.
Aug 12th 2009, 9:32 pm
#77
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Re: Confused Yankee wants the truth on uks example of a national health care.
Jeez..Well at least I learned something new about the program that the UK gov't will pay interest only on the mortgage to keep people from losing their homes. Out of curiosity, how do the banks feel about this? If a person is chronically ill, and the gov't is only paying interest only on a mortgage (up to a certain amount?), how does the mortgage lender handle that? Is the loan effectively sold to the gov't as the lien holder? How would a bank make money off the loan in a situation like that? 
Or is the bank just shit out of luck on a loan if a person gets that ill?
Or is the bank just shit out of luck on a loan if a person gets that ill?As for the bank making money, they get the interest payments, which is their profit from a mortgage anyway, eventually, if the house has to be sold, they will get their chunk out of whatever it sells for (the money owed on principal) So they don't really lose out, unless the house isn't worth what they loaned originally. That's how I understand it all to work, but don't quote me
Aug 12th 2009, 9:37 pm
#78
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Re: Confused Yankee wants the truth on uks example of a national health care.
I'm sorry you couldn't understand what I was posting. Quite frankly it is hard for Americans to understand how the government would pay mortgages for years on end. To clarify it and tell me the government in the end "owns" the house makes more sense to me. But after reading Sunflower's post, those would be my next questions I'd ask....what happens to the mortgage company?
And this isn't about which country is better or not. I've lived in both countries and I would say one isn't necessarily better then the other. I could move back to the UK tomorrow and find as much not right over there. Different scenarios to be sure.
And this isn't about which country is better or not. I've lived in both countries and I would say one isn't necessarily better then the other. I could move back to the UK tomorrow and find as much not right over there. Different scenarios to be sure.
No this isn't about which 'Country' is better, but which health system, can you at least admit that the NHS is better than the Private health care System, for most people?
Aug 12th 2009, 9:38 pm
#79
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Aug 12th 2009, 9:45 pm
#80
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Re: Confused Yankee wants the truth on uks example of a national health care.
Jeez..Well at least I learned something new about the program that the UK gov't will pay interest only on the mortgage to keep people from losing their homes. Out of curiosity, how do the banks feel about this? If a person is chronically ill, and the gov't is only paying interest only on a mortgage (up to a certain amount?), how does the mortgage lender handle that? Is the loan effectively sold to the gov't as the lien holder? How would a bank make money off the loan in a situation like that? Or is the bank just shit out of luck on a loan if a person gets that ill?
Or is the bank just shit out of luck on a loan if a person gets that ill?I'm sorry you couldn't understand what I was posting. Quite frankly it is hard for Americans to understand how the government would pay mortgages for years on end. To clarify it and tell me the government in the end "owns" the house makes more sense to me. But after reading Sunflower's post, those would be my next questions I'd ask....what happens to the mortgage company?
And this isn't about which country is better or not. I've lived in both countries and I would say one isn't necessarily better then the other. I could move back to the UK tomorrow and find as much not right over there. Different scenarios to be sure.
And this isn't about which country is better or not. I've lived in both countries and I would say one isn't necessarily better then the other. I could move back to the UK tomorrow and find as much not right over there. Different scenarios to be sure.
Yes, JG, I know that. My similarity was that my grandmother can remain in her own home and not have to pay property taxes until her home is sold. She pays her mortgage payments from her retirement checks from social security. This is really getting bigger then it needs to be.
I really wasn't comparing elderly care here or there....it was just a similarity that I posted. Why does it always have to be a big event? What is the problem with grasping the smaller point?
I really wasn't comparing elderly care here or there....it was just a similarity that I posted. Why does it always have to be a big event? What is the problem with grasping the smaller point?
http://britishexpats.com/forum/showt...48#post7836948
Last edited by Jerseygirl; Aug 12th 2009 at 10:06 pm. Reason: inserting link
Aug 12th 2009, 9:55 pm
#81
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Re: Confused Yankee wants the truth on uks example of a national health care.
Here's some info on mortgage interest payment for the unemployed as part of the "jobseekers allowance" benefit. There's a 13 week waiting period, a capital limit of £200,000, and it's limited to two years. There's no requirement to repay this at any point.
So Amerlisa's US "equivalent" as usual appears not to be.
http://www.jobcentreplus.gov.uk/JCP/...16128.xml.html
So Amerlisa's US "equivalent" as usual appears not to be.
http://www.jobcentreplus.gov.uk/JCP/...16128.xml.html
Aug 12th 2009, 10:42 pm
#83
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Re: Confused Yankee wants the truth on uks example of a national health care.
Aug 12th 2009, 11:06 pm
#84
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Re: Confused Yankee wants the truth on uks example of a national health care.
Aug 12th 2009, 11:25 pm
#85
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Re: Confused Yankee wants the truth on uks example of a national health care.
When I was SEVEN.
Poor little Luxembourg girl.. I think we sent her home crying because her country didn't exist.
Aug 12th 2009, 11:27 pm
#86
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Re: Confused Yankee wants the truth on uks example of a national health care.
Aug 12th 2009, 11:54 pm
#87
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Re: Confused Yankee wants the truth on uks example of a national health care.
The loans that are paid are interest only loans...quite common in the UK or at least they were when we lived there. When the term of the loan is up you still have to pay back the original loan.
You do have a way of trying to turn things around to your advantage. It was you who originally moved to the big event when you brought up the subject up about losing your home and job through unemployment. I did ask why you were doing this at the time because had really nothing to do with this thread.
http://britishexpats.com/forum/showt...48#post7836948
You do have a way of trying to turn things around to your advantage. It was you who originally moved to the big event when you brought up the subject up about losing your home and job through unemployment. I did ask why you were doing this at the time because had really nothing to do with this thread.
http://britishexpats.com/forum/showt...48#post7836948
Oh brother...Oh btw, my husband is now home, asking him about this mortgage thingy (and have taken note of Giantaxe's post about jobseekers) and he had never heard of such a thing. After I read to him about the jobseekers thing it became more clear to him. So why would you or Sally think everyone knows about these mortgage programs?
Aug 12th 2009, 11:58 pm
#88
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Re: Confused Yankee wants the truth on uks example of a national health care.
Oh btw, my husband is now home, asking him about this mortgage thingy (and have taken note of Giantaxe's post about jobseekers) and he had never heard of such a thing. After I read to him about the jobseekers thing it became more clear to him. So why would you or Sally think everyone knows about these mortgage programs?
My point was exactly that you DIDN'T know about them yet chose to weigh in on the UK situation.
Aug 13th 2009, 12:04 am
#89
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Re: Confused Yankee wants the truth on uks example of a national health care.
Honestly JG, my original point was that someone could lose their job after being ill for a while, even in the UK. Why must you make this bigger then it had to be? To my advantage? Oh brother...
Oh btw, my husband is now home, asking him about this mortgage thingy (and have taken note of Giantaxe's post about jobseekers) and he had never heard of such a thing. After I read to him about the jobseekers thing it became more clear to him. So why would you or Sally think everyone knows about these mortgage programs?
Oh brother...Oh btw, my husband is now home, asking him about this mortgage thingy (and have taken note of Giantaxe's post about jobseekers) and he had never heard of such a thing. After I read to him about the jobseekers thing it became more clear to him. So why would you or Sally think everyone knows about these mortgage programs?
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OK...I'm off the watch The Notebook.
Aug 13th 2009, 12:13 am
#90
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Re: Confused Yankee wants the truth on uks example of a national health care.
Oh btw, my husband is now home, asking him about this mortgage thingy (and have taken note of Giantaxe's post about jobseekers) and he had never heard of such a thing. After I read to him about the jobseekers thing it became more clear to him. So why would you or Sally think everyone knows about these mortgage programs?
Originally Posted by AmerLisa
Yes I know you would get sick pay and free medicines.....but certainly if you can't make your monthly mortgage, nor pay car payments, etc.....you're not going to be in a very good situation. Regardless if your sick or not.
Anyway, leaving that aside, it's good that we've now ascertained the following:
(i) In the US, medical bill-related bankruptcy is commonplace but virtually unknown in the UK.
(ii) In the US people are much more likely to lose their home after a serious illness, especially one that results in subsequent unemployment.
Last edited by Giantaxe; Aug 13th 2009 at 12:19 am.