How will inheriting half a house affect my benefits?

JCS1

Prepayment certificate costs £104 for 12 months, I pay by monthly direct debit so £8-67 per month. Compare with price of one prescription which is £8-80....


Details here:

https://www.nhsbsa.nhs.uk/help-nhs-prescription-costs/prescription-prepayment-certificates

And pop over to the old style board for lots of help with grocery and food costs.

Carrot007

JCS1 wrote: »

Prepayment certificate costs £104 for 12 months, I pay by monthly direct debit so £8-67 per month. Compare with price of one prescription which is £8-80....

Having two in the household it is £10.40 over 10 months. I was not given any other option.

MovingForwards

Your utilty bills would be half as your brother would pay 50%

You could have a water meter fitted which would potentially reduce that bill.

Pre-paid prescription certificate you should have sorted out by now.

Tv licence is around £13 per month.

Mobile you could probably get a cheaper deal.

Your food bill you could easily trim down.

Toiletries again easily trim down.

Best off learning to budget and save now before you are left in the position of maintaining a house.

By spending every penny you have coming in at the moment on potential luxuries you wont see how you can run a property. Many people are in the same financial situation as you and manage their own property.

You will have a choice in the future:

(1) live in the house and watch spending or
(2) sell it, take your 50% and find a cheaper place to buy outright or spend the money on rent/outgoings (dont know how your benefits would be affected).

pmlindyloo

If you are receiving income based ESA then you should be getting free prescriptions.

Ready_Teddy_Go

poppy12345 wrote: »

For 1 person??? :eek::eek:

Yes. I'm 6.5" tall and 15.9 stone. To even maintain a normal healthy weight i have to eat atleast 4 meals a day. If i don't i drop in weight and look so ill. You can't really buy all that much with £50 to £60 when you buy healthy.



Grapes £2
Tomatoes 69p
Oranges £1.50
Cucumber £1
Lettuce 69p
Apples 92p
Bananas 90p
Carrots 43p
Broccoli 55p
Potatoes £4
Bread 55p
Porridge £1



Chicken breasts 3 packs for £10


Just those few things there come to £24.23. The fruit and veg will last 5 to 7 days and the chicken will last 3 dinners.



That there would cover porridge for my breakfast with fresh fruit.



2 bits of chicken, potato and veg for my lunch.



That isn't covering my other 2 meals, snacks, tea, or desserts or drinks! Not much there, and all basic cheapest brands.



However much do you people spend on food?

w06

Not arguing about your food needs but that height and weight actually gives you an overweight BMI (26)

I don't quite understand your dilemna, if you'd inherit the house outright and your benefits would stay the same, but that wouldn't be enough, is your Mum currently subsidising you?

Ready_Teddy_Go

MovingForwards wrote: »

Your utilty bills would be half as your brother would pay 50%

You could have a water meter fitted which would potentially reduce that bill.

Pre-paid prescription certificate you should have sorted out by now.

Tv licence is around £13 per month.

Mobile you could probably get a cheaper deal.

Your food bill you could easily trim down.

Toiletries again easily trim down.

Best off learning to budget and save now before you are left in the position of maintaining a house.

By spending every penny you have coming in at the moment on potential luxuries you wont see how you can run a property. Many people are in the same financial situation as you and manage their own property.

You will have a choice in the future:

(1) live in the house and watch spending or
(2) sell it, take your 50% and find a cheaper place to buy outright or spend the money on rent/outgoings (dont know how your benefits would be affected).

My brother wouldn't be paying 50% as he would also be paying 50% at his girlfriends place. He wouldn't be able to sustain that.



I cannot trim my food down as i'm already eating the basics. I'm 6.5" tall and 15.9 stone. I have to have 4 meals a day just to maintain a healthy weight. If not i drop in weight and people think i'm dying of something lol.



Some of my perscriptions are not covered by the NHS and i have to buy them over the counter at shop prices.



My mobile phone is already the cheapest deal.



Don't need a water metere as my water use is already basic. Fill the kettle don't let the tap run. Bath or shower 1 to 2 times a day, shower is about 2 minutes. Don't leave the tap running while i brush my teeth. When it comes to the toilet, If its yellow let it mellow if its brown flush it down. My water is as cheap as it can be.


I don't spend money on luxries really. I spend most of my money just on living with the basics. I pay £50 per week board. The rest on the basics as explained above.



Selling the house isn't really an option. If we sold it and i took my 50% which would be roughly, say, £200k. 1.I'd be selling the home we grew up in. 2.That £200k wouldn't last long in rent elswhere 3.If i sold and had £200k in the bank my benefits would stop entirley. So that £200k definetly wouldn't last long. 4. I have a daughter and would leave my half of the home to her. If i sold it i couldn't do that.



As i said above my roughly £580 a month is already spent just on the basics of living. I could cut and save a couple of quid here or there but nothing that would make a real difference. Us sick and disabled people are punished if we save anything, not that there is anything to save. We are allowed £6k in savings before our benefits are cut and our benefits stop altogether if we save £16k. If you somehow managed to save £6k to £16k and they stopped your money that £16k wouldn't last 5 minutes. Then you'd have to go through the entire process of re-claiming. That can take months even years.

Ready_Teddy_Go

w06 wrote: »

Not arguing about your food needs but that height and weight actually gives you an overweight BMI (26)

I don't quite understand your dilemna, if you'd inherit the house outright and your benefits would stay the same, but that wouldn't be enough, is your Mum currently subsidising you?

It's fine. My height and weight isn't overweight. I'm 6.5" tall and 15.9 stone skinny shredded muscle. 15.9 stone may sound a lot, but not on someone who is 6.5" tall it isn't. Muscle weighs more than fat and i have just 2% body fat. Think tall basketball player.



When i was working i paid off £40k of her mortgage. My brother paid the same. You know, to help our mother out. Then i fell ill. I currently pay £50 board.

marliepanda

Okay so, you can't just keep the house to give to your daughter whilst also moaning you don't have enough money



You have £30 after essentials. Enjoy your £30. [STRIKE]You may qualify for council tax benefit which will knock a further £80 off if you fully qualify as most councils will require you to pay at least 20% if of working age.[/STRIKE] Missed that the brother was living there also.

Ready_Teddy_Go

marliepanda wrote: »

Okay so, you can't just keep the house to give to your daughter whilst also moaning you don't have enough money



You have £30 after essentials. Enjoy your £30. You may qualify for council tax benefit which will knock a further £80 off if you fully qualify as most councils will require you to pay at least 20% if of working age.

You aren't listening. And it isn't moaning either. That £30 left is £30 for the month. That £30 doesn't even cover travel expenses. What are you supposed to do, sit at home 24/7 and not go anywhere or do anything? £30 a month to go out see friends, do hobbies, travel. Then with that £30 you have to save some to add to the emergncy funds for when something breaks like a boiler, fridge, TV, washing machine etc etc. I've already had to give up my car. £30 a month is nothing and doesn't even cover travel.