Benefit for landlord who is renting other city
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Topcat1982 wrote: »Property Price 100,000 (Mortgage 84,000)
This rental property is an asset, so that £16k would stop you claiming HB anyway.
You should be able to claim CTC based on your estimated income
Your calculation is incorrect.
We would look at the market value - £100,000 then deduct 10% - so the value would be £90,000 then deduct the outstanding mortgage - so the capital value would be just £6,000 not £16,000.These are my own views and you should seek advice from your local Benefits Department or CAB.0 -
We would look at your income from the rent minus mortgage and any other expenses such as insurance etc. Whatever is left would be treated as income.These are my own views and you should seek advice from your local Benefits Department or CAB.0
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why the 10% deduction from market value? (just curious)0
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I could be wrong but I read it that the property cost £100,000 to buy rather than it's current value0
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Housing_Benefit_Officer wrote: »We would look at your income from the rent minus mortgage and any other expenses such as insurance etc. Whatever is left would be treated as income.
Is this the whole mortgage payment, as opposed to just the interest as used for tax calculations ?0 -
jessex1990 wrote: »
Getting Carers Allowance and DLA suggests that she *may* be entitled to claim Income Support as well.
No entitlement to Income Support as the husband works.0 -
This discussion has been closed.
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