am a single dad on long term sickness benefit, also in receipt of housing and council tax benefit.
2006-11-14 07:51:21 · 7 answers · asked by H B 1 in Business & Finance ➔ Renting & Real Estate
Generally no, but you may check with your state policies regarding old age benefit, they can guide well. Moreover, please follow the link to get the article that'll explain.. Home-ownership in old age: financial benefit or burden?
2006-11-14 08:30:56 · answer #1 · answered by nRehman 4 · 0⤊ 0⤋
The council will pay you council tax benefit but will normally only pay part of the interest on your mortgage if any. Would it be better to get a council house then buy it at a discount in a couple of years, as house prices are so expensive. If they find out you have savings over a certain amount to buy a house, they might stop your benefits. Also, some mortgage lenders will only give to people who are not in receipt of housing benefit & can therefore prove that they can make the payments by themselves.
2006-11-14 16:02:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your home is not taken into account for benefits if you are living in it, and not renting out any part of it. However, if you are claiming means tested benefits, ie; housing benefit, council tax rebate or income support, how will you get a mortgage. You would need to be in receipt of income support, or if over 60 pension credit, to get assistance with the interest on your mortgage. If under 60, there is a waiting period of 39 weeks for assistance. If you have money to buy house outright, how are you getting means tested benefits? Get benefit check done at citizens advice it will show exactly what you get now, and what if you bought your house.
2006-11-14 16:27:36 · answer #3 · answered by pink 1 · 0⤊ 0⤋
If you own your own property, mortgaged or not, all you will get is incapacity benefit, and nothing else for yourself.
Noticed some of the other answers. Mine is based on dealing with all agencies in the town I live, I hope the people here have got it wrong. Good luck to you.
2006-11-14 15:54:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I take it then that your renting right now
if so gotta ask how could you afford to buy your own house if your claiming benifits and would you be able to get a mortgage?
2006-11-14 15:59:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you live in it (without making money from it ie renting any part) no.
Answer above is wrong, you will get income support as long as you live in it.
2006-11-14 15:56:53 · answer #6 · answered by iusedtolooklikemyavatar 4 · 0⤊ 0⤋
It shouldn't do. Talk to Citizens Advice Bureau for independant advice.
2006-11-14 15:58:51 · answer #7 · answered by Jude 7 · 0⤊ 0⤋