We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying a house when on Universal Credit - Grace Period?
JMcc123
Posts: 219 Forumite
Hello,
I'm looking to finalise buying my first house at the end of June, I currently claim UC, mainly for support with rent and childcare costs, once we have moved my son will be surrounded by family who can support and will be starting school in September and my mortgage payments will be considerably lower than renting costs.
I'm just wondering if there is a grace period after the completion where UC will still support with my housing costs? There will be work needing doing on the house, and we're moving about an hour away from where we are now so it could take a few weeks to get things sorted in the house and to move everything, with being a single, full time working parent. Once the childcare and housing element are removed from my UC claim my wage will cancel out and UC.
I' sure I'd read somewhere that the government allow a 6 month grace period when you have equity to allow for this, but I'm struggling to locate it anywhere now!
It would only be for a matter of weeks, if anyone could advise it would be much appreciated
Thanks x
I'm looking to finalise buying my first house at the end of June, I currently claim UC, mainly for support with rent and childcare costs, once we have moved my son will be surrounded by family who can support and will be starting school in September and my mortgage payments will be considerably lower than renting costs.
I'm just wondering if there is a grace period after the completion where UC will still support with my housing costs? There will be work needing doing on the house, and we're moving about an hour away from where we are now so it could take a few weeks to get things sorted in the house and to move everything, with being a single, full time working parent. Once the childcare and housing element are removed from my UC claim my wage will cancel out and UC.
I' sure I'd read somewhere that the government allow a 6 month grace period when you have equity to allow for this, but I'm struggling to locate it anywhere now!
It would only be for a matter of weeks, if anyone could advise it would be much appreciated
Thanks x
0
Comments
-
You might get more response if you ask the question on the benefits board:
https://forums.moneysavingexpert.com/categories/benefits-tax-credits
1 -
Thank you! I couldn't decide where was best to postmoneysavinghero said:You might get more response if you ask the question on the benefits board:
https://forums.moneysavingexpert.com/categories/benefits-tax-credits
I'll try now!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards