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Selling a house to get housing benefits
House1234
Posts: 1 Newbie
After some advise for a friend she has a house worth 60k paid 45k and has a loan of 10k which she owes 7k the house is only worth 60k at a push and wants to know if she sold it and gifted the money to her two sons could she then apply for housing benefit and rent a one bed flat as she is on own and has no job anymore
Or will the council etc want to know where the money has gone and will it cause any issues
Thanks
Or will the council etc want to know where the money has gone and will it cause any issues
Thanks
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Comments
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After some advise for a friend she has a house worth 60k paid 45k and has a loan of 10k which she owes 7k the house is only worth 60k at a push and wants to know if she sold it and gifted the money to her two sons could she then apply for housing benefit and rent a one bed flat as she is on own and has no job anymore
Or will the council etc want to know where the money has gone and will it cause any issues
Thanks
hi
it would be classed as deprivation of assets so would not be able to claim until below £16k i believe.
by Giving it away they would calculate how long it should have lasted and woulld not be able to claim until then i believe0 -
If she deprives herself of capital in order to claim benefits, she will be treated as still having it.
How much is outstanding on her mortgage?
She will have to pay legal fees, estate agents fees, removal service. What will she be left with?
You can have some capital and still get housing benefit. If your friend can clear her debts and not have to worry about the cost of maintaining a house, it could be a sensible move.
She shouldn't give her capital away though.0 -
Let me put that exact same situation a slightly different way...After some advise for a friend she has a house worth 60k paid 45k and has a loan of 10k which she owes 7k the house is only worth 60k at a push and wants to know if she sold it and gifted the money to her two sons could she then apply for housing benefit and rent a one bed flat as she is on own and has no job anymore
Or will the council etc want to know where the money has gone and will it cause any issues
Thanks
She has £53k in equity in her home. If she sells it, and gives that money away, will that generosity be ignored to allow her to claim poverty for the purpose of claiming benefits?0 -
Does your friend choose to try to cheat the state in other ways?
I’ve a radical suggestion, could she get up today, get out there, and find work so that she’d not need to worry about benefits?0 -
Not the plan of a decent person, not patriotic.0
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School holidays already.0
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I think the OP may have left school, looked at the difficulties of providing for his own independent living....and come up with a 'plan.'
Find a rich footballer, marry him, and then live off his money. When the relationship turns sour, divorce and claim half his money & assets.Any language construct that forces such insanity in this case should be abandoned without regrets. –
Erik Aronesty, 2014
Treasure the moments that you have. Savour them for as long as you can for they will never come back again.0 -
of course they will...she cannot just give money away and then ask for the government to pay her rent. She should have enough equity from the property to pay her rent, bills etc for some time without needing assistance...she should read up on deprivation of capitalwill the council etc want to know where the money has gone and will it cause any issues0 -
The way things are going, that should even be possible for heterosexual men soon, though way too late for me, unless some soccer lioness wants a 'toy grandad!'Find a rich footballer, marry him, and then live off his money. When the relationship turns sour, divorce and claim half his money & assets.
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