can i buy house in my 10 year old daughters name ?

Skeptical_Saver

Grezz24 wrote: »

*Sigh* someone looking to cheat benefits...

It really is amazing what some people think is okay to ask on here.

SmashedAvacado

agreed - this is someone who was on benefits, probably quite rightly, and is now in a position where they financially dont need to be on benefits because they have money, so want to try to cheat the system to continue to get those benefits despite not needing them. Benefits are there for people who need them. You don't need them if you have £50k in cash. so how's about you don't claim them.

csgohan4

If you have more than 50k in assets, would that make you eligible of benefits?

Marvel1

fairy_lights wrote: »

Where in the country can you buy a house for 50K?

113 results:
https://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=OUTCODE%5E2260&insId=1&radius=10.0&minPrice=&maxPrice=50000&minBedrooms=&maxBedrooms=&displayPropertyType=&maxDaysSinceAdded=&_includeSSTC=on&sortByPriceDescending=&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false

billy2shots

Skeptical_Saver wrote: »

It really is amazing what some people think is okay to ask on here.

I've only just joined this sight but I'm saddened by the amount of advice there is on here for getting out of paying back loans, escaping parking and speeding fines etc.
I know the loophole needs to exist for people to bring it to others attention but it's sad the lack of accountability there is in society today.

[Deleted User]

csgohan4 wrote: »

If you have more than 50k in assets, would that make you eligible of benefits?

Yup so long as that house is your home. A second home it would be an asset and wipe out any benefit entitlement.

eddddy

fairy_lights wrote: »

Where in the country can you buy a house for 50K?

Quite a few places. You could even buy 2 for that money, if you want...

https://www.rightmove.co.uk/property-for-sale/property-52759134.html
https://www.rightmove.co.uk/property-for-sale/property-75297161.html

Or if you have some DIY skills and you don't mind buying at auction, you might even be able to get a whole BTL portfolio:

https://www.rightmove.co.uk/property-for-sale/property-67341031.html
https://www.rightmove.co.uk/property-for-sale/property-55818906.html
https://www.rightmove.co.uk/property-for-sale/property-67200073.html
https://www.rightmove.co.uk/property-for-sale/property-67194124.html

marliepanda

AFF8879 wrote: »

Why can’t your dad just buy the house in his name and gift it to you, or let you live there rent-free?

Probably because of a RTB discount.

But, as stated before on other threads, its entirely possible to do whilst on benefits...

HampshireH

.....but possibly not if you were given 50k and chose not to notify the benefits department, use it to pay the bills etc and decided to buy a house instead.

Whilst expecting the benefits department to assist in paying for the bills etc that come with it.

OP doesnt respond with info to make informed responses

marliepanda

eddddy wrote: »

Quite a few places. You could even buy 2 for that money, if you want...

https://www.rightmove.co.uk/property-for-sale/property-52759134.html
https://www.rightmove.co.uk/property-for-sale/property-75297161.html

Or if you have some DIY skills and you don't mind buying at auction, you might even be able to get a whole BTL portfolio:

https://www.rightmove.co.uk/property-for-sale/property-67341031.html
https://www.rightmove.co.uk/property-for-sale/property-55818906.html
https://www.rightmove.co.uk/property-for-sale/property-67200073.html
https://www.rightmove.co.uk/property-for-sale/property-67194124.html

Not really suitable for someone on benefits with no cash though!