The value of capital assets is disregarded for a specified time in some circumstances.
I think that this isn't a problem, benefits- wise. Sorry for the long post and hope I've made sense my brain fog is at full force today and he has put my head in even more of a spin with his unexpected offer.Īs others have said, one cool Dad.and which parent wouldn't love to do this?! If he cant buy us a house he plans to use it to travel in his retirement but he would prefer to help make life a little easier for us! Financially I cant afford this and had started to look at what other options I had when my Dad came round last night with an amazing offer!īasically, he has sold a property and is in a position to offer to buy a house for me and my 2 children that would be mortgage and rent free, in effect he wants to give me my inheritance while he is still around to see us enjoy it!! And giving us security, saving me money and meaning that we can get a house that is suitable for us all long term! Obviously I feel very blessed and grateful that he would do this for us but what I don't know is will this effect my benefit? The money would never come to me, would go directly into a property in my name so not directly an income and the offer is the gift of a house or nothing so not like I have the option to take the cash and live off it as an income. Landlord is useless does only the very necessary repairs and has this week sent me a note to increase rent by another £50pm.
Hi all was wondering if someone could help me? I am currently in receipt of income based ESA (support group), live in rented accomodation and in receipt of Housing benefit but having to top up by £125pm.
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