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Shared Ownership Scheme Question?
Peteo
Posts: 47 Forumite
Hi
I am currently researching the possibillity of buying a 25% share of a flat in a shared ownership scheme, whereby you pay the rent on the rest.
My main query is, in a worst case scenario if you lost your job, would you be able to claim housing benefit on a property that you had a 25% ownership of?
If anyone has experience of a shared ownership scheme and knows about this situation i'd be v greatful.
Cheers
I am currently researching the possibillity of buying a 25% share of a flat in a shared ownership scheme, whereby you pay the rent on the rest.
My main query is, in a worst case scenario if you lost your job, would you be able to claim housing benefit on a property that you had a 25% ownership of?
If anyone has experience of a shared ownership scheme and knows about this situation i'd be v greatful.
Cheers
0
Comments
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A 25% share? Is there such a thing?0
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Yes you can claim Housing benefit on the rental share, I almost claimed this when on sick leave and my income reduced. Certainly this was the case 3 years ago when I sold my flat.- i havent heard that is has changed.
HTH:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Cheers for the feedback Lyn0
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