Universal credits with temporary buy to let

Robbo120909

My husband and I have recently separated, I am staying in the marital home with our 2 children. We have a buy to let (in my name) which my husband/ex will be moving into for 6 months until we can apply to have our mortgage transferred into my name. I will then sell the buy to let which he will be taking any profit (approx £40k-£50k equity) from to buy a new house. However in the 6 months whilst I still own the buy to let will I be entitled to Universal Credit? Is it worth applying to see or will they then register that there is a large amount of equity in my name even though I will be gifting it to my husband?

KatrinaWaves

This needs to be sorted out properly through the divorce. You cannot just gift 50k to your husband and then claim benefits. 

calcotti

See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/832009/admh2.pdf

I can't see that as described your situation triggers any of the capital disregards. I think the only way you can trigger a disregard is to put your second property onto the market now, in which case a six month disregard would apply - see H2115.