We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Friend who is worried

13»

Comments

  • terryw
    terryw Posts: 4,396 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    edited 31 July 2010 at 8:32AM
    Oldernotwiser wrote: »
    You haven't read the thread title.

    .............
    "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 Kipling
  • terryw
    terryw Posts: 4,396 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Jomo wrote: »
    I'm surprised a £130k property isn't considered as asset tbh, especially if owned outright with no mortgage?

    It's all wrong if that is the case...legal or not!

    I think that this is the root of the problem An owner occupied house is not considered an asset. A property left to someone will be eventually considered as an asset but for there is a period of time allowed for this to be sold - off the top of my head is 6months (but perhaps someone can clarify this).
    "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 Kipling
  • Jomo
    Jomo Posts: 8,253 Forumite
    terryw wrote: »
    I think that this is the root of the problem An owner occupied house is not considered an asset. A property left to someone will be eventually considered as an asset but for there is a period of time allowed for this to be sold - off the top of my head is 6months (but perhaps someone can clarify this).

    Oh ok, that's sounds more reasonable...although I'm not sure 6 months is long enough at the moment!! :o
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    Jomo wrote: »
    Oh ok, that's sounds more reasonable...although I'm not sure 6 months is long enough at the moment!! :o

    You can sell a property in 6 days at the right price and it sounds like there shouldn't be any reason why the friend couldn't drop it to this level.
  • nannytone_2
    nannytone_2 Posts: 13,004 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Jomo wrote: »
    Why shouldn't she support herself if able to do so? Am I missing something here or are benefits suppost to help those who Need them?
    i was being sarcastic. didnt occir to me that anyone would actually think i meant it lol
  • Jomo
    Jomo Posts: 8,253 Forumite
    nannytone wrote: »
    i was being sarcastic. didnt occir to me that anyone would actually think i meant it lol

    Bring back the roll eyes!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture