Housing benefit and a second property. please help?

Housing_Benefit_Officer

Here is how we would calculate the capital value of the property.

We would get the Valuation Office Agency to value it - we don't use your valuation.

We then deduct a further 10% covers solicitors costs and estate agents fees etc.

We deduct the mortgage - we won't deduct the money you owe your Father.

That is the capital value.

So £60k property minus 10% = £54k then minus mortgage = £22k. If your capital is above £16k you won't qualify for any help from Housing Benefits.

Darksparkle

I asked before but you didn't answer, have you been declaring the income to tax credits?

NYM

Darksparkle wrote: »

I asked before but you didn't answer, have you been declaring the income to tax credits?

From this comment,

My father now pays this and he takes the rent from the tenant.

I fear the answer would be a 'No' :undecided