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Universal Credit - Home Owner

Hi

Was after some advice, currently live with my parents and I receive universal credit.

My parents are looking to buy me my own place and it would be in my name, would I be likely to lose my benefit as a home owner??

Thanks

Comments

  • You woulldn't get anything towards housing but the rest should be ok

    BUT

    can you afford to repair and maintain a house? I put at least £100 a month away in anticipation of things breaking and major repairs like windows.
    2021 GC £1365.71/ £2400
  • teddysmum
    teddysmum Posts: 9,500 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Another point is that, if your parents need residential or means tested homecare ,in the near future, they will be assessed for help, assuming that they still have the money spent on your home. Therefore, if they don't have sufficient other funds will not get the care required, unless the house is sold and the money recovered, as the government will not pay if assets (real or assumed) have too high a value.
  • teddysmum wrote: »
    Another point is that, if your parents need residential or means tested homecare ,in the near future, they will be assessed for help, assuming that they still have the money spent on your home. Therefore, if they don't have sufficient other funds will not get the care required, unless the house is sold and the money recovered, as the government will not pay if assets (real or assumed) have too high a value.
    Not necessarily. The local authority will have to decide whether the parents INTENTIONALLY bought the house as a means of disposing of that capital in order to evade it being sold for care costs.
    If the parents did that today in good health, then, a couple of years down the line they started to decline and needed care afterwards, there would be a good case for saying that they didn't know they would need care at all, at the point they made the house purchase. No guarantees either way, but it would be open for discussion and argument.
  • tzcdg1 wrote: »
    Hi

    Was after some advice, currently live with my parents and I receive universal credit.

    My parents are looking to buy me my own place and it would be in my name, would I be likely to lose my benefit as a home owner??

    Thanks
    It would be a bit stupid for the Job Centre to try to make you sell your house... because then they'd just have to pay Housing Benefit for you!
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