Home Ownership Query

freezspirit

My parents want to purchase a small property for me, so that I can have some independence or should I say see if I can cope on my own.

Since its my parents money should the property be in their name or could they put it in my name but then would it effect my benefits. I get I.S with SDA and low rate mobility DLA.

karenx

If they are buying it it should be in their name, but either way you cant claim any help towards the mortgage or rent they want to charge on it.

alwaysonthego_2

karenx wrote: »

If they are buying it it should be in their name, but either way you cant claim any help towards the mortgage or rent they want to charge on it.

I am not sure if the op was asking about that.

To the op it will not affect your benefits if the house is in your parent's name, however as Karen as stated you will not be entitled to help with any housing costs.

freezspirit

Thanks for getting back to me. There is no need for help with a mortgage as my parents will be buying property outright. And they won't expect me to give them rent.