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Savings for eligibility of a council house?

mrsad
mrsad Posts: 31 Forumite
Fifth Anniversary 10 Posts Name Dropper Combo Breaker
in House buying, renting & selling
Hello
How much savings do I need to have or what minimum savings should there be in bank accounts to be eligible for a council house (leaving aside other circumstances)? 
Thanks

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Comments

  • molerat
    molerat Posts: 34,320 Forumite
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    edited 20 July 2021 at 1:44PM
    I assume you mean the maximum savings limit to be eligible which is down to your particular council.
  • tacpot12
    tacpot12 Posts: 9,162 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    As per molerat, you'll have to look this up for your local council, but I would expect you will be ok if you have less than £6,000 given this is the point at which you start to lose Universal Credit. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • mrsad
    mrsad Posts: 31 Forumite
    Fifth Anniversary 10 Posts Name Dropper Combo Breaker
    tacpot12 said:
    As per molerat, you'll have to look this up for your local council, but I would expect you will be ok if you have less than £6,000 given this is the point at which you start to lose Universal Credit. 
    Thanks @tacpot12. Is that £6,000 individual saving or household saving?
  • Mrsn
    Mrsn Posts: 1,430 Forumite
    1,000 Posts Third Anniversary Name Dropper
    mrsad said:
    tacpot12 said:
    As per molerat, you'll have to look this up for your local council, but I would expect you will be ok if you have less than £6,000 given this is the point at which you start to lose Universal Credit. 
    Thanks @tacpot12. Is that £6,000 individual saving or household saving?
    I would assume household savings but you would really need to clarify this with the relevant council.
  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
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    To apply or be accepted? You don't need anything.
  • mrsad
    mrsad Posts: 31 Forumite
    Fifth Anniversary 10 Posts Name Dropper Combo Breaker
    Norman_Castle said:
    To apply or be accepted? You don't need anything.
    To be accepted ? 
  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    mrsad said:
    Norman_Castle said:
    To apply or be accepted? You don't need anything.
    To be accepted ? 
    As a tenant.

  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
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    I didn't think savings were relevant when applying for a council house.  How long has it been the case?
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • artyclarty
    artyclarty Posts: 224 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    I believe that anyone may put themselves on the register for a council house. You will be in with a long wait/may never actually get a property though if you are not in urgent need. It is these other circumstances that will determine wether you will be housed.
  • deannagone
    deannagone Posts: 1,102 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    I think the OP needs to clarify if they are enquiring as to if there is a limit of savings to qualify for a council house, or if there needs to be a minimum amount of savings to qualify for a council house. But to be honest, this differs amongst different councils.  For an accurate answer the best place to ask is the council. 

    And again, as has been said, need tends to be more important when applying for a council property than savings.  
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