UC - Become a Landlord

poppy12345

ripplyuk said:

Do they disregard property that is classed as uninhabitable? OP says they never lived there because it needed refurbished. 

No. People buy those sort of properties all the time and do them up.

Muttleythefrog

NorthernStar_17 said:

What capital/value can you have as surely all property is over the £16,000 but says you can own property and Claim UC

The property you own and live in is disregarded. Normally any other property you own is considered capital unless it meets criteria to be disregarded.

Spoonie_Turtle

NorthernStar_17 said:

poppy12345 said:

NorthernStar_17 said:

I purchased it for 96k in 2014, don't know what value is now.
I told them about property but like I said,they said to just put where you are actually living.

What do you mean by “you told them” who did you tell? When you claimed UC and filled in the form, it actually asks if you own any properties which you dont live in, what did you put for that? 

If there’s capital of more than £16,000 in that property then there shouldn’t have been any entitlement to UC. 

On the online application to claim for UC, I declared that I had a property but I don't live there. They came back and said just to put address you are actually living at for the claim. If they've given me incorrect advise regarding this, then what will happen now. 

*if capital was disregarded, will I have grounds for appeal if they state I have to payback overpayment, if I can prove thats the advise provided from UC.

What capital/value can you have as surely all property is over the £16,000 but says you can own property and Claim UC

No, they wrote the legislation to make sure every overpayment is recoverable even if it was their mistake.

Not all property is worth over £16k, sometimes people only have a share in a property, sometimes they can't access the equity in a property, and there are some specific disregards that mean technically it is possible to own a second property and still be able to claim UC, but it's not very common.

born_again

NorthernStar_17 said:

I purchased it for 96k in 2014, don't know what value is now.
I told them about property but like I said,they said to just put where you are actually living.

A post earlier this week said that for a property to be uninhabitable means, no kitchen, bathroom & probably a roof in bad condition, structural damage etc.

Caz3121

How long have you been on Universal Credit? were you moved over from tax credits?

sheramber

ripplyuk said:

Do they disregard property that is classed as uninhabitable? OP says they never lived there because it needed refurbished. 

It cannot be uninhabitable if the friend is going to live in it. 

U inhabited means exactly that   I. e. derelict.