Deprivation of Capital

BigAunty

smileytiger wrote: »

Thanks

Social housing in this area is not an option as the waiting lists are really long.

Yes, but those that face homelessness who have a disability that makes them more vulnerable in that situation are considered a priority and leapfrog over the waiting lists.

Owner occupiers are classed as the lowest priority. Those that leave accommodation when they don't have to are classed by the local council homelessness department as having made themselves intentionally homeless.

You should speak to Shelter and the housing associations about your situation, namely that you are being forced to sell up to prevent repossession in future, to see where you stand in terms of priority. See the application criteria for social housing landlords - they usually have guides on how they assess and band applications.

I really don't know how your application would be treated. I know that local councils aren't usually interested in dealing with anyone who doesn't face homelessness within the next 28 days and I don't know how they deal with those who are forced to sell, rather than having the property repossessed.

poppasmurf_bewdley

smileytiger wrote: »

Hi Guys

Apologies for the long post

As some people on here know we will shortly be selling our house as we can longer afford to keep it - long story OH on CB ESA which will stop in April when the new bill goes through. (he's been on it 2 years) I work full time at present.
Once we've sold the house we will move into rented accomodation and i intend to keep working but in a less demanding job so to be around for OH more (i currently work 12 hour days). We will have a sizeable chunk of equity from the house sale & i appreciate we will need to basically use this to live off as my salary alone will not cover all living expenses.
We don't live a flashy lifestyle by any means and this won't change as i want to try and stretch the savings we'll have as far as possible.

Is there a guide to how much of our capital we should aim to spend or not so as not to be accused of deprivation of assets further down the line. The money won't last forever and at some point we'll need help.

Thanks for any advice

If you do not need to apply for any means tested benefits at the moment, and genuinely see no need to in the future, then it doesn't concern anybody how you spend your money or how much you have in the bank.

There are many millions of people out there who are all spending money without giving 'deprivation of capital rules' a thought, and there is no reason why you should be any different.

Dunroamin

Would you have enough equity in your house to buy a ground floor flat to avoid the insecurity of private rentals?

smileytiger

poppasmurf_bewdley wrote: »

If you do not need to apply for any means tested benefits at the moment, and genuinely see no need to in the future, then it doesn't concern anybody how you spend your money or how much you have in the bank.

There are many millions of people out there who are all spending money without giving 'deprivation of capital rules' a thought, and there is no reason why you should be any different.

Thanks - i'm just overthinking all this aren't i??
I wish i could not give a damn about it

smileytiger

Dunroamin wrote: »

Would you have enough equity in your house to buy a ground floor flat to avoid the insecurity of private rentals?

Sadly not - although we should have a reasonable amount not enough to buy another property outright & i don't want another mortgage in case OH does need care further down the line & i have to give up work.
Thanks for posting though .x

Anubis_2

BigAunty wrote: »

Yes, but those that face homelessness who have a disability that makes them more vulnerable in that situation are considered a priority and leapfrog over the waiting lists.

Owner occupiers are classed as the lowest priority. Those that leave accommodation when they don't have to are classed by the local council homelessness department as having made themselves intentionally homeless.

You should speak to Shelter and the housing associations about your situation, namely that you are being forced to sell up to prevent repossession in future, to see where you stand in terms of priority. See the application criteria for social housing landlords - they usually have guides on how they assess and band applications.

I really don't know how your application would be treated. I know that local councils aren't usually interested in dealing with anyone who doesn't face homelessness within the next 28 days and I don't know how they deal with those who are forced to sell, rather than having the property repossessed.

I would take this advice - and definitely contact Shelter at the very least

dodger1

As far as the deprivation of capital is concerned just live your lives as before. When the car needs replacing then replace it, but not with a Rolls Royce. Same with furniture and electrical goods, just replace with something sensible when necessary, two weeks in an average hotel in Spain on holiday each year should be fine, but not a 5 star luxury resort and first class flights. Just be sensible, that's all the powers that be are looking for.