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Council Tax Benefit Claim form... re: capital in property
missk9
Posts: 1,742 Forumite
After my husband leaving me with two young kids I have recently made a claim for Income support and Council Tax benefit.
I am just filling in the form and I am aware if you have any savings over 16k you cannot claim.... I have NO SAVINGS of any sort.
There was a question which asked how much my home is worth and at a guess it would probably sell at 240k today, it then asks how much mortgage I have on it... I have a 210k interest only mortgage on it.
Does this mean I may be turned down as I kind of have 30k profit in my home which makes it over the 16k capital?
Where as in real life it would mean selling up and paying fees and 50% with the ex and then I would be out of my home with 2 kids and only 10k leftover.
Hope this makes sense and someone can tell me what it means as I have never claimed for anything before and am a bit stuck and stressed.
I am just filling in the form and I am aware if you have any savings over 16k you cannot claim.... I have NO SAVINGS of any sort.
There was a question which asked how much my home is worth and at a guess it would probably sell at 240k today, it then asks how much mortgage I have on it... I have a 210k interest only mortgage on it.
Does this mean I may be turned down as I kind of have 30k profit in my home which makes it over the 16k capital?
Where as in real life it would mean selling up and paying fees and 50% with the ex and then I would be out of my home with 2 kids and only 10k leftover.
Hope this makes sense and someone can tell me what it means as I have never claimed for anything before and am a bit stuck and stressed.
BACK and READY..... waiting on Royal Mail!!!
0
Comments
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Any value in your own home is not counted for CT purposes."If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools"
Extract from "If" by Rudyard Kipling0 -
thank you Terryw... I was not aware of that and it has already answered my question...
As I said I am new to all this and dont expect to be on this benefit tip long if I can help it!BACK and READY..... waiting on Royal Mail!!!0
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