We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Selling House Money in Account Until Buy a New One

oshoshitzu
oshoshitzu Posts: 93 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 14 February 2018 at 4:54PM in Benefits & tax credits
Is there a rule that allows a house owner who is on means tested benefits to sell their house and keep the money from the sale of the house in their bank account whilst still claiming means tested benefits, providing they purchase another house a (assuming it's for a similar amount) with the money from the sale of their house within 6 months?

Comments

  • Penitent wrote: »
    Yes, there is. It can also be extended beyond 6 months in some circumstances.

    Does a similar rule apply to someone who has never owned a house; but inherited money and is going to use that money to buy a house?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.