Can I rent my house out if on benefits?

puddy

why are you making life difficult for yourself when you have an asset to use

sell the house, pay off the debt, rent a reasonable sized home, nothing grand. hb will pay the rent and then when your child is school age you go back to work and pay it yourself

if you cant bear to sell the house, get a lodger or two, how ever many rooms you have spare. if you have two rooms spare, depending on where you are, you could get up to about 800 a month. this will naturally impact on the amount of benefits you get because this will be income and you'll have tax to pay if the amount you receive puts you over the amount

can you say what your income consists of at the moment and the amounts

what do you get for IS, child ben, any tax credits and any mortgage relief?
are you still having to pay money to this dmp?

HappyMJ

palomapicasso wrote: »

Do you honestly believe that EVERYONE sits back and gets all their benefits for the fun of it? Do you think I enjoy being dependent on the state? I have never felt so demoralised since being made redundant while I was on maternity leave - the company went into voluntary liquidation! What should have been the happiest time of my life was the worse. I am slowly getting back my confidence and as soon as my child is of school age I will go back to work but until then I am not leaving my child in the care of someone else, who I will have to pay, when it was my choice to continue with my pregnancy, when I found out I was pregnant. I have paid taxes all of my life until this happened. You try living off £46 per month - with a child after I have paid my bills and debts! Try and vent your anger out at people who are abusing the system and who have done for all of their lives, not people like I who have ended up in a dreadful mess due to circumstances outwith our control.

Come on £46 a month. Where do you get that? I don't earn any money (well I do but it's almost nothing (£1,820 per year)). The money I get in benefits (Tax credits (£2,710 per year), housing benefit(£4,740 per year) and council tax benefit(£1,150 per year)) is much much larger than that and there is only me. If you are on benefits you do not pay debts. It's as simple as that.

I really think that you should sell up for any price pay the deposit and however many months rent up front that they want from the equity you have and make full and final offers on all your unsecured debts and if they aren't accepted then declare bankruptcy and start again. No-one can live on £46 a month that's not going to work.

Mallotum_X

You say you will be going back to work, so surely when your back as a higher rate tax payer you will be able to pay the mortgage down a bit quicker, rather than 2032?

Take in a Lodger in the mean time, look for a job a bit quicker go back to earning 40k+ and use some of that money to pay for childcare...

silvercar

Personally I would prefer to use some childcare than take a lodger living in my home.

palomapicasso

Yes Rugged Toast I am saying that the money I have to pay my mortgage has to come out of my benefits. Since last October 1st the government has changed the amount of interest that they pay to your mortgage lender. DWP pay an amount of money directly to my lender and the remainder I have to pay from my benefits. The difference since last October is £118.76 that I have had to find from my benefits. Last year pre 1st October DWP paid £65.60 (interest only) then it went down to £37.54 (almost half) and now it's gone down again to £37.54 - I still have to cover the rest of my mortgage plus the deficit. My point to people is that decent people are being dragged into deeper debt through no choice of their own. I have had to pay arrears by selling stuff I had at home (used to be a shopaholic) and every day we eat at my parents. I will not be going back to a higher rate tax threshold as I had to work 60 odd hours a week for that! My child never goes without because my parents and family members would never allow this to happen. I have no intention of letting a room out to a stranger so a lodger is out of the question. The other flats on the market have gone down in price by almost 20k yet still not budging. I will not be renting my flat out as I didn't realise how complicated it was, hence the title of my question. Thanks for your replies.

palomapicasso

Hi, 2032 is not the date my mortgage will be paid, that's my 'other' debts; credit cards, overdraft, loan, etc, etc.

I will not go back to being a higher rate tax payer because I will not be willing to work 60 odd hours each week.

clutton_2

paloma - whilst i understand your frustration and anger and your emotions are running high.. it is simply not true to say that ""I who have ended up in a dreadful mess due to circumstances outwith our control. "

you have told us several times that you were a shopaholic.... - that was your doing.. and no one elses. I am sorry if that sounds blunt and hurtful.. but you have to take some responsibility for your own situation..

You have been advised to get a lodger - you dont want to do that - you have been advised to get paid child care - you dont want to do that

what DO you want to do ?

and i am not intentionally being rude, i am feeding back to you how your responses look to a complete stranger here (me)

And before you jump down my throat, yes i was in your position a long time ago, with my mortgage being a millstone around my neck, and the amount being paid for me by the government going down and down.... ... i got 2 lodgers (yes i hated it but i did it) and 2 jobs..... i managed to survive without any family locally... It is possible..

But first of al lyou must stop blaming everyone else and change your mindset.