What benefits could i be entitled to?

lleey2k4

Hi im new to the forum.

I was a 1st time buyer last July so had my house over a year now with my fianc!e im 25 she is 23.

We are now having a baby and she is 35 weeks.

We mainly bought the house on her wage and my deposit.

I earnt £14000 last year and she earnt £18500 so a combined £32500.

My question is would I be entitled to any benefits to help cover our mortgage and bills as she has been told she will be getting £273 every 2 weeks from 2 weeks time when she goes on maternity. Which is a big drop from her usual pay.

Any help would be great.

Thanks

Lee

Dunroamin

I'm afraid that you aren't on any benefits that would enable you to claim help with your mortgage, although you might get some help with your council tax.

lleey2k4

So theres no such benefits to help us out like working tax or family tax with what we earnt last year?

[Deleted User]

check here to see what benefits you might be entitled to
http://www.turn2us.org.uk/benefits_search.aspx

but you wont get help with your mortgage

princessdon

You have 2 different issues
Means tested that capital affects and child tax credits.

Currently for CTC. Equity and capital is ignored therefore any income is interest on mortgage,plus allowable expenses taken from rent is income.

So eg.mortgage is £600. Interest is £400, expenses are £70. You are allowed £470. Excess rent of this in income.

Next are means tested (JSA Housing ETC). They will treat equity as capital and over £6000 means reduced, reaching £16,000 is null award.

Note you need permission to rent from mortgage provider, research being a landlord and checks, procedures.

Dunroamin

princessdon wrote: »

You have 2 different issues
Means tested that capital affects and child tax credits.

Currently for CTC. Equity and capital is ignored therefore any income is interest on mortgage,plus allowable expenses taken from rent is income.

So eg.mortgage is £600. Interest is £400, expenses are £70. You are allowed £470. Excess rent of this in income.

Next are means tested (JSA Housing ETC). They will treat equity as capital and over £6000 means reduced, reaching £16,000 is null award.

Note you need permission to rent from mortgage provider, research being a landlord and checks, procedures.

You seem to have posted on the wrong thread.:)