Unwanted difficult decision-help pls if you can.

Annisele

The OP hasn't said that he expects taxpayers to buy a house for him.

He explicitly said:

I am not worried about renting.
I just want my own place whether that be rental or bought.
I don't think rental is a stigma.

It sounds as though his worry is that he's going to end up in a cardboard box under the railway arches; not that he won't get a free flat off the taxpayer.

However, with the equity he has, he *will* have options. Often landlords say "you need to earn £x per month" or whatever, when what they really mean is "you must be able to afford to pay your rent". People with enough savings to pay six months in advance should be able to find somewhere to live.

jc808

Annisele wrote: »

The OP hasn't said that he expects taxpayers to buy a house for him.

He explicitly said:

It sounds as though his worry is that he's going to end up in a cardboard box under the railway arches; not that he won't get a free flat off the taxpayer.

However, with the equity he has, he *will* have options. Often landlords say "you need to earn £x per month" or whatever, when what they really mean is "you must be able to afford to pay your rent". People with enough savings to pay six months in advance should be able to find somewhere to live.

she.........

jc808

Bundance

Based on your previous posts, is your reluctance to sell really about this asbestos 'issue'? (As other posters have said if you have equity from the flat you will have more than enough to pay a landlord up front) Or another issue?

I would mention the presence of asbestos the the buyer and surveyor but tell them its been partly remedied and lays undisturbed!! Theyll be fine with that seriously

McKneff

Bundance, I feelI must go back to your very first post.

The first paragraph is full of ifs, buts, mights and maybe's.

Why on earth are you worrying about this now, it might never happen. Why dont you concentrate on here and now,
be more positive about job hunting, upping your income now and vow to stop being so negative.




Unwanted difficult decision-help pls if you can.
Hi

I may be faced with the unwanted decision whether to sell my flat or not, because due to the benefit changes, I may well lose half my income.
I am due a DWP medical this year, and if I am found fit for work, like the many others who are forced off benefits before they are ready, I will lose half my income. (information received already regarding loss of income)
If I am put onto JSA, as I have an occupational pension of £440 per month, this will be my only income.

If I am put onto JSA, as I have an occupational pension of £440 per month, this will be my only income.

puddy

Annisele wrote: »

The OP hasn't said that he expects taxpayers to buy a house for him.

He explicitly said:

It sounds as though his worry is that he's going to end up in a cardboard box under the railway arches; not that he won't get a free flat off the taxpayer.

However, with the equity he has, he *will* have options. Often landlords say "you need to earn £x per month" or whatever, when what they really mean is "you must be able to afford to pay your rent". People with enough savings to pay six months in advance should be able to find somewhere to live.

yes, unfortunately people without fixed incomes find it very hard to find private rentals. there will be a credit check to pass, agents often want to see proof of ongoing income which is normally 3x the rental per month, how will OP prove this?

i completely agree with people taking responsibility for their own lives but many posters seem to think that renting a private place is really simple, it isnt for those without a fixed income

lmp0507

Maybe speak to your current lender about a buy to let mortgage, once you have tenants, use the money to pay off the mortgage and also rent your own place?
(sorry if this is silly, first time posting on this board, please be kind! )

bundance

No probs re answering questions, thank you for respecting my privacy.
My mortgage is fixed until 2016 at 5.18%

Thanks for tellig me you've usually found there is always a solution to most problems, it just needs to be figured out)

My anxiety is worsening due to tranquliser withdrawal.
I am on a slow reduction program under the doctor, but cannot hope to realistically heal until I am off the tranqulisers and I still have a way to go.

Please can I ask you, why would my rent cost me way more than that on most rentals?

You are right, I don't want to uproot but this flat needs a lot doing to it, big things, and I will feel much more secure if I could get an alternative income to enable me to stay here.

My health would worsen if I were forced to leave this flat.
Rather than be turfed out, I want to improve it.

It would be ludicrous to lose my home.

Thank you for this post and for wishing I can get more help, and also for thinking about my problem. I really appreciate it.

bundance

Old_Git wrote: »

have you a friend or relative you could stay with and rent out your flat.

Hi

Thanks, no I don't.

Ulfar

First thing is to apply for SMI it won't cover all of your interest payments but any help is something. You mentioned £19.00 thinking it was monthly given the figures you have given and your income you might want to check but the £19.00 may be a weekly figure.

Then given your circumstances how about a part time job, it wouldn't take many hours to keep you in your own home.

I am assuming you have considered council tax benefit and tax credits.

gallygirl

You may be able to find a private landlord who would take you on - I rent properties out and would be happy to do so if I was shown a bank account with sufficient money in it.

If you have a flat worth only 75k I'm guessing you're in a Northern city or maybe East Mids ex-mining area? Have you actually looked to see how much a flat would be to rent? Am guessing not too bad? £500 a month would be 6k a year, well within your means for a while until you are able to work again.

You sound intelligent and I hope you can rationalise enough about your illness to realise you're displaying classic depressive thinking - the situation is NOT hopeless, just challenging. I don't know what to hope for best - whether you are well enough to come off benefits so you do face this dilemma, or whether you pass/fail (not sure how to judge it!) the medical and stay on benefits.

Good luck and remember it is NOT hopeless