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Is he a landlord?
Comments
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If the benefits office discovered that she had inherited half a house, the benefits would be stopped and the OP's sister could well be very keen to sell the house to get some cash. Of course the benefits office would have to find out first ...0
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though of course the sister has a legal duty to inform them of a change in circumstances, failure to do so being benefits fraud.........If the benefits office discovered that she had inherited half a house, the benefits would be stopped and the OP's sister could well be very keen to sell the house to get some cash. Of course the benefits office would have to find out first ...0 -
Scotland, really....0
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After seeing some of the replies on here do people actually read the original post or just spout venom for the sake of it?
Nowhere in my original post did I say she would continue to claim housing benefit.0 -
You get all sorts of responses on a public forum.After seeing some of the replies on here do people actually read the original post or just spout venom for the sake of it?
Nowhere in my original post did I say she would continue to claim housing benefit.
Ignore the responses which don't apply, and focus on the ideas which are helpful to your circumstances and decision.0 -
The house has been valued at £170,000 and she has agreed to give her brother £300 a month until she has paid him £85,000 when the house will be put in her sole name.
Therefore he won't be a landlord.0 -
The house has been valued at £170,000 and she has agreed to give her brother £300 a month until she has paid him £85,000 when the house will be put in her sole name.
Therefore he won't be a landlord.
That will take over 23 years! What happens in the mean time?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
If he's a part owner then it is, at best, a grey area.The house has been valued at £170,000 and she has agreed to give her brother £300 a month until she has paid him £85,000 when the house will be put in her sole name.
Therefore he won't be a landlord.
He would have a better case if she was already 100% owner, with a formalised contractual repayment schedule and a charge against the property.
£85k at £300/mo is about 23 years and 7 months.0 -
That will take over 23 years!
Slightly less time than a 25 year mortgage.0 -
It's not your decision: it's for the Sheriff to decide (when taken to court)The house has been valued at £170,000 and she has agreed to give her brother £300 a month until she has paid him £85,000 when the house will be put in her sole name.
Therefore he won't be a landlord.
Quite understand your wanting to argue he's not a landlord but IMHO he is and, if found so the consequences (eg up to £50k fine etc etc.) will be substantial.
Might be worth engaging one of the specialist landlord solicitor firms for their opinion...0
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