Will crash affect price for council homes?

margaretclare

The only thing to add is that this family is no longer entitled to be paid any benefits at all. A case reported in our local area last year was of a man who inherited his mother's house but did not declare it, continued to claim benefits. He was tracked down and prosecuted, forced to repay all the money he had been paid and - IIRC - he was imprisoned.

Inheriting a house is considered to be capital, and disallows claiming means-tested state benefits. So, not only is the father not entitled to the council tenancy any longer - he has a house elsewhere - he and his dependents are no longer entitled to any means-tested benefits including income support, pension credit and/or housing benefit.

I have emailed a link to this thread to Manchester City Council.

Rabiddog_2

Just have to say :::::> that would be Leech
Arch leach was Cary Grants real name.
I also wondered how they were entitled to benefit/Council House, still.
I think you do get some lee-way(6mths -1year) to sell inherited estates, but obviously the taxman etc are interested where the money goes.

Alias_Omega

Just to clear things up, im not buying the house for me, but for my children.

When the house is paid off, it wont be any use too me, ill be close to living in an old peoples home, but its so that our two children have a home when we pass on, i grew up in a single parent family on benefits living on a run down council estate, no one ever gave me anything, so im sure going to leave something for my children.

Be it 1, 2, 4 houses, just aslong as they dont have to go out and flog themselves for 25-30years to afford a ex council house on the edge of a run down council estate..

Alias_Omega

Nothing to close though.

If its not your house, you cant buy it. Your parents can, but doubt they will be able to get a mortgage due to there age, and working life remaining.