What Are The Difficulties Of Moving Area While On Benefit?

healy

TOBRUK wrote: »

Thank you healy, phew that's really helpful otherwise I wouldn't be able to think of moving. Not sure what is involved totally and would have to look into it - "ring fenced" meaning it is protected in order to buy a new property? If I decide to go ahead does it mean that the dss won't take away money owed for my present mortgage - can it be transfered to the new one? Do you know what I mean?

Yes that is right the money is disregarded for means tested benefits. Yes you can transfer to a new mortgage as long as the amount is not higher and I see that it wont be by your reply to ONW.

TOBRUK

healy wrote: »

Yes that is right the money is disregarded for means tested benefits. Yes you can transfer to a new mortgage as long as the amount is not higher and I see that it wont be by your reply to ONW.

Hi healy, thanks again for your reply. Yes you are right, I would not dream of looking at a property dearer than what I would get for mine. I just wanted to make sure that I would be able to transfer my mortgage to the same existing amount.
Thanks again healy.:)

Oldernotwiser

I think ( and I apologise if I'm wrong) that Healy was talking about what is allowed for benefits. I was talking about what was allowed by your lender. They may be different.

healy

Oldernotwiser wrote: »

I think ( and I apologise if I'm wrong) that Healy was talking about what is allowed for benefits. I was talking about what was allowed by your lender. They may be different.

Yes I was correcting someone earlier who said benefits would stop. If you can actually get a mortgage is another thing entirely.

TOBRUK

Oldernotwiser and healy, Thank you again for your help. I would seek advice from lender before thinking of pursuing, but I needed to know where I stood with regard the dss if I were to go ahead. This isn't the time to make a move at present I know but it is good to know in advance what obstacles if any lay ahead and what to expect.
Thank you.