If I rent out my house can I offset the rental income against mortgage payments before it affects my income-based ESA? Also will rental income affect my payments of Support for Mortgage Interest?
carmind wrote: If I rent out my house can I offset the rental income against mortgage payments before it affects my income-based ESA? Also will rental income affect my payments of Support for Mortgage Interest?
I'm afraid we can't give this level of financial advice on the forum.
I can't see how this would work. I would expect the rental income to be treated as income for the ESA(IR), if your not living in the property then it becomes an asset and would count against the £16,000 limit and I suspect that the SMI would be stopped for similar reasons.
AS I said get face to face advice before proceeding.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
