house left in will

blackadders_2

dookar wrote: »

It's very, vry complicated because you do not own either property outright. It's perfectly possible that the capital can be disregarded and your current benefits would remain intact.

However, as soon as you begin to derive an income from the properties this will taken into account.

In either case, IB would remain unaffected

i had a feeling it was going to be very complicated and confusing its just what to do for the best isnt it

Oldernotwiser

If you feel that you could keep one of the houses, can you not live in it and then have no need for housing benefit?

kingfisherblue

Are the homes really only worth £60k and £40k? I know that house prices have gone down, but I live in the North West, where prices aren't particularly high, but I haven't seen any houses this cheap, even those in need of full modernisation.

blackadders_2

on a average scale yeh tho havent been valued as yet

blackadders_2

Oldernotwiser wrote: »

If you feel that you could keep one of the houses, can you not live in it and then have no need for housing benefit?

i only have a 50% share which other half wants to rent out

applecharlotte

But if you sold the 33% share house you could use the cash to buy the other person out of the house where you own 50% and live there.

You don't sound too happy with the fact that you have come in to quite a bit of money and will now be in a position to support yourself.

blackadders_2

applecharlotte wrote: »

But if you sold the 33% share house you could use the cash to buy the other person out of the house where you own 50% and live there.

You don't sound too happy with the fact that you have come in to quite a bit of money and will now be in a position to support yourself.

id say i was more confused than not happy!!! thing is am happy were i live which i was hoping to buy frm council frm my 33% share (if ur still allowed to buy frm them) then yes i wont need houseing benefits or hav a problem with supporting myself thats not the point!i dont know how the system works and i want to do it all above board without getting shafted in some way or other if u no wot i mean?

mouseymousey99

Then heres what I'd do blackadders, go and see a solicitor. That way you know everything you do will be above board with no come back. Renting houses out is another minefield - and you need to be quite sure what you are getting into. For sure it will cost you to see the solicitor, but what you are paying for is peace of mind.

Blackpool_Saver

it's too complicated for on here, see a solicitor while you are still on benefits as it will cost less.

blackadders_2

mouseymousey99 wrote: »

Then heres what I'd do blackadders, go and see a solicitor. That way you know everything you do will be above board with no come back. Renting houses out is another minefield - and you need to be quite sure what you are getting into. For sure it will cost you to see the solicitor, but what you are paying for is peace of mind.

yeh will be seeing solicitor anyway its the options what is available to me am after the more the merrier and i thank all who has taken there time to reply but isnt there guys/girls frm dwp who help out in forums off the record???