Shared Ownership/Housing Benefit
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Posts: 3 Newbie
Hi,
Just wondering if anyones knows about shared ownership and housing benefit.
I know that housing benefit is only to help with rent, and therefore can receive housing benefit.
But do they still take into the consideration your mortgage payment to calculate your housing benefit? And as long as it is only the amount of the rent or less then you are entitled to it?
Or do they not even take this into consideration in their calculations?
Thanks in advance.
J
Just wondering if anyones knows about shared ownership and housing benefit.
I know that housing benefit is only to help with rent, and therefore can receive housing benefit.
But do they still take into the consideration your mortgage payment to calculate your housing benefit? And as long as it is only the amount of the rent or less then you are entitled to it?
Or do they not even take this into consideration in their calculations?
Thanks in advance.
J
0
Comments
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Hi,
Just wondering if anyones knows about shared ownership and housing benefit.
I know that housing benefit is only to help with rent, and therefore can receive housing benefit.
But do they still take into the consideration your mortgage payment to calculate your housing benefit? And as long as it is only the amount of the rent or less then you are entitled to it?
Or do they not even take this into consideration in their calculations?
Thanks in advance.
J
Yes in principle HB is available to support the rental part of your shared ownership. This is explained in the following link which you can also use to make a calculation to see if you would be entitled and for how much. Hope this helps you.
http://www.turn2ushelp.entitledto.co.uk/viewhelp.aspx?sid=13&ctyid=0&helpfile=sharedownership“Official CAB Representative
I am an official representative of CAB. MSE has given permission for me to post in response to questions on the CAB Board. You can see my name on the companies with permission to post list. If you believe I’ve broken any rules please report my post to forumteam@moneysavingexpert.com as usual"0 -
Also, remember that you may be entitled to mortgage interest relief, for the mortgaged part of your shared ownership, if you are on certain benefits.
http://england.shelter.org.uk/get_advice/help_with_housing_costs/support_for_mortgage_interestI'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0
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