Help with paying private rent...while owning own house?

AimeesMum_2

Hi, I wonder if anyone can help my friend as the information she has been given by the money advice centre to me seems incorrect.

She is 23 and has a joint mortgage with her now ex-partner. She works part time earning £100 a week and is self employed. They have a two year old.

She is going to need to be the one who either leaves the house and private rents or they are going to need to sell (will probably make about £5,000 profit on it each after mortgage is paid in full).

Would she be entitled to any HB if she leaves and private rents? Or would she need to sign the house over to him to get some hence leaving herself heavily out of profit?

Any other help would be greatly appreciated. I hope I have given enough information.

Lady_gaga

I'm sure if the house is on the market it's discounted for a period of 6 months, after that it will be taken into account.

puddy

when i worked in hb, we asked for proof that the property was on the market at a reasonable price (so had to get other valuations) and then it was discounted for 6 months

Oldernotwiser

She can't just sign the house over to him, he''l need enough income to be able to cover the whole mortgage and, if there's any equity in the property, he'll need to buy her out.

Why does she need to be the one to leave; normally the person with custody of the child stays in the family home.

suelees1

It's disregarded for as long as it takes on condition the claimant is taking reasonable steps to dispose of it

suelees1

she will be seen to be depriving herself of capital if she 'gives' her share away. to answer your first question yes she can get HB as long as she meets the conditions