Mobility Component Allowance/PIP WAV Wheelchair Disabled Adapted Car Sussex Surey Kent South East London Home Counties Essex

2016/2017 Higher Rate Mobility Component Allowance/PIP

Allowance; £57.45 per week

Raphael Finance (previously Southern Finance) convert this 4 weekly allowance into monthly income as follows ;

£57.45 x 52 = £2987.40 divided by 12 = £248.95

1 payment collected per calendar month by Raphael Finance, by Direct Debit, from the customer’s bank account.

Only Motability can collect the allowance directly from the DWP

One Allowance (£248.95) would allow a customer to borrow £11441 over 60 months with Raphael, but we have no restrictions on the maximum amount borrowed, provided the payment is affordable to the customer. We are flexible on the initial deposit required

£248.95 per month allows the customer to borrow the following;

£5114 x 24; £7489 x 36; £9508 x 48; £11441 x 60

Using 2 allowances (£497.90) they could borrow the following;

£10546 x 24; £15283 x 36; £19303 x 48; £23157 x 60

Mobility Component Allowance/PIP Enquiry