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What can they claim if persuaded?
Juicyloo
Posts: 268 Forumite
Son 24, left school at 16 and been pushed from job to job as a plumber all that time- god bless him.
He is nw in the last stage of being employed by a very large company, had manager talk to him privately, but the job, if he gets it, will start early september, the week his first chid is due.
His partner is 19 and has a 3 year old son, who calls me grandma, and my son Daddy, and there is no reason why not as the father is an absent parent.
Partners parents have been very supportive.
Son wanted to buy his own hiouse, has our values, so my mum gave him a deposit of 40k, but he could not get a mortgage for various reasons- credit wise.
Ex- Husband is still on my mortgage even though house in my name, but was able to get a buy to let mortgage for about 80k to buy the house and let to son and partner till it can be put into son's name. Mumu will not entertain it in joint names as the money is gifted to son only for now.
Son and partner, 33 weeks pregnant, have an appt at DWP tomorrow, What can they claim in the short term. How do we prove that the mortgage is not contrived to make money?
Partner, bless her, has finished a hardressing qualification at local college- they're both workers and they really don't want to claim.
He is nw in the last stage of being employed by a very large company, had manager talk to him privately, but the job, if he gets it, will start early september, the week his first chid is due.
His partner is 19 and has a 3 year old son, who calls me grandma, and my son Daddy, and there is no reason why not as the father is an absent parent.
Partners parents have been very supportive.
Son wanted to buy his own hiouse, has our values, so my mum gave him a deposit of 40k, but he could not get a mortgage for various reasons- credit wise.
Ex- Husband is still on my mortgage even though house in my name, but was able to get a buy to let mortgage for about 80k to buy the house and let to son and partner till it can be put into son's name. Mumu will not entertain it in joint names as the money is gifted to son only for now.
Son and partner, 33 weeks pregnant, have an appt at DWP tomorrow, What can they claim in the short term. How do we prove that the mortgage is not contrived to make money?
Partner, bless her, has finished a hardressing qualification at local college- they're both workers and they really don't want to claim.
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Comments
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Does your son have the £40k from your mum in his name?
If this is the case he won't be entitled to any income based benefits due to having capital over £16,000.0 -
no, it will be on the buy to let mortgage in my ex hubhy's (Dad's _) name- dodgy I know, as my parents gifted me 20k years back which...
So, in effect, is as a deposit- the house was 118k, just supposing the mortgage as a sum
.0 -
So what happened to the £40K your mother gave him?
Why are you encouraging him to fiddle the system in this way?0 -
Oldernotwiser wrote: »So what happened to the £40K your mother gave him?
Why are you encouraging him to fiddle the system in this way?
By the looks of the figures:
The son put £40k as a deposit for a house (from his grandma)
The dad got a mortgage in his name for the rest.
The question is whose name is on the deeds to the house - is it just the dad's or son as well?
Did the £40k pass through the son's bank account?0 -
By the looks of the figures:
The son put £40k as a deposit for a house (from his grandma)
The dad got a mortgage in his name for the rest.
The question is whose name is on the deeds to the house - is it just the dad's or son as well?
Did the £40k pass through the son's bank account?
That's my reading of it as well.
If the house is in dad's name only then he'll be considered to have given the £40K to him (so deprivation of capital), if in joint names then no LHA.
"Oh what a tangled web we weave when first we practise to deceive";)0 -
If the house is in dad's name only then he'll be considered to have given the £40K to him (so deprivation of capital), if in joint names then no LHA.
"Oh what a tangled web we weave when first we practise to deceive";)
What b****x u talk hun
The deeds have to be in the name of the mortgagee
no the money did not pass through my sons bank account and went straight from my mother to the solicitor as a deposit
Not decieving anyone. My mother wanted to get my son on the property ladder, he couldn't get a mortgage yet, so his dad got a buy to let mortgage, interest only, which will be paid by son until the whole mortgage and deeds (and equity) will be transferred to son.
Think we live on different planets from you frequent flyers on here0 -
If the house is in dad's name only then he'll be considered to have given the £40K to him (so deprivation of capital), if in joint names then no LHA.
"Oh what a tangled web we weave when first we practise to deceive";)
What b****x u talk hun
The deeds have to be in the name of the mortgagee
no the money did not pass through my sons bank account and went straight from my mother to the solicitor as a deposit
Not decieving anyone. My mother wanted to get my son on the property ladder, he couldn't get a mortgage yet, so his dad got a buy to let mortgage, interest only, which will be paid by son until the whole mortgage and deeds (and equity) will be transferred to son.
Think we live on different planets from you frequent flyers on here
You seem to have forgotten that you said in your first post,
"Son wanted to buy his own hiouse, has our values, so my mum gave him a deposit of 40k, but he could not get a mortgage for various reasons- credit wise."
The fact that the money didn't pass through his account doesn't negate the fact that it's his money does it?
Let's hope your son doesn't share all his parents' values, eh , "hun" or he'll end up in clink!;)0 -
ONW, I don't see how it's deceitful - his gran gave him money for a deposit on a house and his dad took out a mortgage for the rest. He's paying back his dad, just like he would if his dad had used savings to loan him the rest of the cost of the house.
Clearly there wont be housing cost help available, but as he's working that might have been the case anyway. It sounded to me that they're looking at CB/tax credits etc rather than means tested, as he's going to be working.Unless I say otherwise 'you' means the general you not you specifically.0 -
"Let's hope your son doesn't share all his parents' values, eh , "hun" or he'll end up in clink!;)"
Well thank god he does have our values or else he would have signed on the times he was laisd off over the years since he was since 16.
Jog on D******d- jealousy really eats you doesn't it!!
"ONW, I don't see how it's deceitful - his gran gave him money for a deposit on a house and his dad took out a mortgage for the rest. He's paying back his dad, just like he would if his dad had used savings to loan him the rest of the cost of the house."
Clearly there wont be housing cost help available, but as he's working that might have been the case anyway. It sounded to me that they're looking at CB/tax credits etc rather than means tested, as he's going to be working.
Thank you A spot on!
Ptroves perspective ie everyting!0 -
Oldernotwiser wrote: »So what happened to the £40K your mother gave him?
Why are you encouraging him to fiddle the system in this way?
I take massive exception to this poster and this quote as it is massively misinformed and I beklieve I can take legel action on a post such as this0
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