Cant afford mortgage payments, but if i sell i will be intentionlly homeless!

SkyeKnight

joandkaz1 wrote: »

you should get child tax credit for him if you are a single mother..its working tax you wont get. Its fair that your son should pay some council tax. He is an earning adult not a child.

It's not just some council tax though - it's 3/4 of the council tax on a family home and also all of the mortgage. (If he wasn't working they would qualify for full council tax benefit and SMI). That's potentially a lot of money for a 19 year old to contribute.

I can at least see saraann21 point, which was: if the son is responsible for supporting a household including a child then maybe he should get working tax credits. The problem with that argument is that saraann21 would then have to pay full council tax and she would not qualify for Income Support so they would actually be worse off. There really isn't much benefit in being treated the same way as a couple as many people have noticed - even David Cameron!

Dunroamin

joandkaz1 wrote: »

you should get child tax credit for him if you are a single mother..its working tax you wont get. Its fair that your son should pay some council tax. He is an earning adult not a child.

You don't get CTC for someone of 19 who's working!

Dunroamin

Mumto3cheekymonkeys wrote: »

Could your dad not buy you out and then let the property back to you and housing benefit paying it thus paying the mortgage so you still get to keep it?

You can't get LHA/HB for a property you've previously owned.

epitome

Get the mortgage company to agree to move the mortgage in just your father's name - not an easy task

Or get your father to buy your share of the flat from you -for £1- and at the same time open a new mortgage account with a buy to let mortgage broker in your fathers name only, thus paying off the current mortgage in full.

If you do one of these, your father could become your landlord and you can get HB for renting that flat, and your father can pay the mortgage off with the HB money.

antrobus

epitome wrote: »

Get the mortgage company to agree to move the mortgage in just your father's name - not an easy task

Or get your father to buy your share of the flat from you -for £1- and at the same time open a new mortgage account with a buy to let mortgage broker in your fathers name only, thus paying off the current mortgage in full....

But;

Dunroamin wrote: »

You can't get LHA/HB for a property you've previously owned.

Or to be more exact: "You cannot claim HB if you or your partner previously owned the dwelling which you now rent, unless you could not continue to live in the property without the transfer of ownership."

http://www.dwp.gov.uk/publications/specialist-guides/technical-guidance/rr2-a-guide-to-housing-benefit/housing-benefit/

epitome wrote: »

If you do one of these, your father could become your landlord and you can get HB for renting that flat, and your father can pay the mortgage off with the HB money.

Contrived tenancy? As in "You cannot claim HB if the local council believes that your liability to pay rent has been created to take advantage of the HB scheme."

epitome

antrobus wrote: »

But;



Or to be more exact: "You cannot claim HB if you or your partner previously owned the dwelling which you now rent, unless you could not continue to live in the property without the transfer of ownership."

By all accounts the OP satisfies this condition given that she cannot pay the mortgage**

Contrived tenancy? As in "You cannot claim HB if the local council believes that your liability to pay rent has been created to take advantage of the HB scheme."

Again, showing that the property had to be sold as she could not afford the mortgage is not taking advantage, once the property is in the ownership of the father he is entitled to look for a tennant and the daughter is the logical answer. "Contrived" as given in the example would be if it was a fictional rent which stopped and starts according to whether the daughter/son was in employment.

There would be no harm in doing as suggested, and seeing if successful, if not she can appeal & meanwhile move to a private landlord and get HB there,
meanwhile father can rent to someone else. And if she wins the appeal she can move back in when the tennancy is up with the temporary lodger.

** though I don't quite see why she wouldn't get her mortgage interest paid, OP are you saying you have capital payments of £200 a month - which I know they won't pay. Why won't they pay all the interest? Don't forget if you switch to interest only you have to save up the capital (the purchase price of the flat) over the life of the mortgage, if you don't have the money when the mortgage matures you lose your flat.
How much is your interest rate?
How much is outstanding on your mortgage?
Also be aware that when your child reaches 4 years old and you go onto JSA you may not get any SMI or you may get it only for another 2 years (it only lasts for 2 years for JSA claimants), however by then it will be Universal credit and the rules for SMI will have changed again anyway.... they are going to introduce a charge against your home so that when you sell it the government gets back the mortgage interest payments made on the home.

NotSuchASmugMarriedNow

Just hold your horses OP and have another think about hanging on to your property. 5 years of paying off your mortgage is not something to give up lightly and it will be very difficult to get back on the property later on in life.

Try to do everything you can to stay in your own home. Could you get a lodger?

With regard to Income Support - are you absolutely sure you would be financially worse off working? Don't forget, you would get topped up with child tax credits and WTC's, so it's quite common to earn less, but be better off financially if that makes sense.

Your babys father should be contributing a minimum of 15% of his salary towards the child too. How come your baby doesn't see her father? Is there a good reason for this?

even if you worked part time for 16 hours a week you'd get £98, plus £168 in tax credits/child benefit. even without maintenance you should be able to afford to stay in your own home - i'm not saying it will be easy, but it will get easier as your child gets older.

NotSuchASmugMarriedNow

epitome wrote: »

By all accounts the OP satisfies this condition given that she cannot pay the mortgage**

Again, showing that the property had to be sold as she could not afford the mortgage is not taking advantage, once the property is in the ownership of the father he is entitled to look for a tennant and the daughter is the logical answer. "Contrived" as given in the example would be if it was a fictional rent which stopped and starts according to whether the daughter/son was in employment.

There would be no harm in doing as suggested, and seeing if successful, if not she can appeal & meanwhile move to a private landlord and get HB there,
meanwhile father can rent to someone else. And if she wins the appeal she can move back in when the tennancy is up with the temporary lodger.

** though I don't quite see why she wouldn't get her mortgage interest paid, OP are you saying you have capital payments of £200 a month - which I know they won't pay. Why won't they pay all the interest? Don't forget if you switch to interest only you have to save up the capital (the purchase price of the flat) over the life of the mortgage, if you don't have the money when the mortgage matures you lose your flat.
How much is your interest rate?
How much is outstanding on your mortgage?
Also be aware that when your child reaches 4 years old and you go onto JSA you may not get any SMI or you may get it only for another 2 years (it only lasts for 2 years for JSA claimants), however by then it will be Universal credit and the rules for SMI will have changed again anyway.... they are going to introduce a charge against your home so that when you sell it the government gets back the mortgage interest payments made on the home.

Umm, this is new and rather worrying information. Can I ask where you acquired these details? Was it from a reliable source?

mynameistallulah

epitome wrote: »

they are going to introduce a charge against your home so that when you sell it the government gets back the mortgage interest payments made on the home.

This was part of the consultation, but has certainly not been confirmed yet.

epitome

mynameistallulah wrote: »

This was part of the consultation, but has certainly not been confirmed yet.

I accept that but it is extremely unlikely not to be introduced IMHO. And it won't be retrospectively applied so notsuchasmugmarriednow ....you can relax.