Buying with benefits

Zomjo

Hi this is a tricky one I think.

I have left my ex husband a year ago and am living in a rental with my 2 children
I have anew partner and wish to buy a house together although he will not live with me until he can finds a job where I live I'm in Dorset and he's in the Midlands .

I can afford to survive but I know that when I get the money from my home ( as its sold ) I will lose my benefits and then will be forced to use my equity to live off . As this is not ideal I want to buy but can't alone as I'm on a low income . With my new partner not being able to move yet I will still need my benefits. My question is will I lose them even if I buy with him ? And he's not living with me which he won't be

Many thanks jo

Cakeguts

Your new partner will not be able to get a mortgage if he is not working. You won't be able to get a mortgage if you are not earning enough so if you want to buy a property with a mortgage that is not going to happen. If you sell the house that you own you will need to live off your equity. So it looks as the moment that unless he can buy you a house with cash and not need a mortgage you won't be buying a house.

maisie_cat

Are you sure that the equity prevents you continuing to claim benefits? I thought that proceeds from a house sale were disregarded for a short period
I should have said if those proceeds were intended for another house

G_M

I think OP means her new partner IS working, but lives in the Midlands. Is that correct?

And where does he live? In rented? with family? Or does he already own a property?

Zomjo

I don't know maybe that's what I need to find out . my intention is to buy my partner does have a job on 50k but we don't live together he was willing to help me buy while he looks for a job down here before he moves

Zomjo

He lives in rented also

Fosterdog

Depending on how much equity you have from the sale and the house prices in the Area of the Midlands he lives would you relocating there and buying with your partner by an option? If you have enough to put down the deposit and he earns enough to cover the mortgage.

marliepanda

If you buy a house with your partner who earns 50k then he should be using his 50k to support you.

It's unlikely you'll be able to continue getting benefits as you have a high earning partner.

But you won't need them if he's earning 50k so you're ok:)

Cakeguts

If your partner buys a house and doesn't live in it with you does that make you his tenant?

rosyw

If things haven't changed in the last 6 years there should be a 6 month disregard of the money you get for your house.

At the time of my last move I was getting lower rate ESA while waiting for an appeal, as I'd downsized I had a fair bit left over after buying my new place, so stopped sending in sick notes and wrote to the DWP to tell them of my changed circumstances and thought no more of it,until a couple of months later there was a large amount paid from the DWP into my bank. I queried it and was told I'd won my appeal and this was "back pay" and I'd be paid at the full rate from now on. I again explained about the money from the house and was told of the disregard, they kept paying me until the end of the 6 months. All a bit worrying at the time as I was suffering from severe anxiety and didn't want to be accused of claiming when I wasn't entitled!

Double check with the DWP

Zomjo

Thank you for all your help
My partner lives 160miles away and won't live here until he get a job there fore needs to pay his own bills etc and would help me if I needed it but he can't afford unfortunately to pay my bills and rent and his own....

But that's it would we be financial associates and then lose the benefits I need until he moves down here from the Midlands .