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Student Finance & Home Ownership
InDebted2U_2
Posts: 379 Forumite
Does owning your own home affect what student finance you are entitled to (England)? What about if you rent your home out to go to uni? How about if you sell your home and deposit the cash?
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Comments
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Owning a home, and living in it, will qualify you for the elsewhere/own home rate. Any mortgage payments will not be taken into account.
If you sell the properly, any interest on the savings must be declared as unearned income.
If you rent the property, all rental income must be declared as unearned income.0
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