2007-02-22 07:19:02 · 6 answers · asked by wendy shepdog 1 in Business & Finance ➔ Renting & Real Estate
my son is disabled i meant his benefits to cover the mortgage on the buy to let for him , his council property could go to someone else!
2007-02-22 07:31:52 · update #1
Technically, rents paid to a relative is not payable by council or benefit office. However, you could form a trust which buys the house to let it to your son. The trust would be a limited company and so the landlord is the limited company whose directors are trustees. Your son can now claim full rent from council/benefit office and pays this over to the trust.
It is possible but hard work initially if you have limited knowledge about trust and all that!!
Hope this helps.
2007-02-22 07:32:48 · answer #1 · answered by Anonymous · 2⤊ 0⤋
That's right, why not remove another house from the market so people with jobs have to continue renting!
I believe benefits only pay the interest on a mortgage anyway. Perhaps your son could get a job?
2007-02-22 07:22:55 · answer #2 · answered by idler22 4 · 0⤊ 0⤋
His rent would be classed as income and he would lose his benefits. The relevant information could be withheld but it's a jail job if you are caught.
If you let the property to your son, again his benefits would stop because of the family connection.
2007-02-22 07:22:52 · answer #3 · answered by tucksie 6 · 1⤊ 0⤋
I dont think this is legal. We were thinking of moving from our home and letting it to a family member who was on benefits as they were in a small home and ours is quite big. But we were advised by a financial advisor that this was not acceptable as we were related.
2007-02-22 07:28:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i cant see why not, it'll mean your his landlady the same as anyone else he rents from but i would phone your local benefits office just to make sure
2007-02-22 07:23:16 · answer #5 · answered by angie 5 · 1⤊ 0⤋
That sounds like fraud to me.
2007-02-22 07:22:13 · answer #6 · answered by annazzz1966 6 · 0⤊ 0⤋