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Benefits and owning property
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5 years 4 weeks ago #246804 by Thinker
Benefits and owning property was created by Thinker
I receive contributions based ESA currently and am waiting to hear about my transfer from DLA to PIP., in the process of an appeal.
I own my own property but its an upstairs flat which is increasingly difficult for me and I have been trying to move to a downstairs flat for several years.
I found one and put my flat on the market, but it has not sold yet and with COVID there will be no chance of selling for some time.
Because I did not want to lose the new place, I took out a bridging loan (This was before COVID) as normally my type of flat sells very quickly
I informed DWP, but I am worried that they will count both properties as my assets?
I have a small amount of savings, well under £6K
Could you tell me please if DWP could stop all my benefits?
I own my own property but its an upstairs flat which is increasingly difficult for me and I have been trying to move to a downstairs flat for several years.
I found one and put my flat on the market, but it has not sold yet and with COVID there will be no chance of selling for some time.
Because I did not want to lose the new place, I took out a bridging loan (This was before COVID) as normally my type of flat sells very quickly
I informed DWP, but I am worried that they will count both properties as my assets?
I have a small amount of savings, well under £6K
Could you tell me please if DWP could stop all my benefits?
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5 years 4 weeks ago #246839 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Benefits and owning property
Margaret
As long as you are only receiving Contribution Based ESA and no Income Related payments then your savings and assets will not have any effect on your ESA(CB).
Gordon
As long as you are only receiving Contribution Based ESA and no Income Related payments then your savings and assets will not have any effect on your ESA(CB).
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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5 years 3 weeks ago #246907 by Thinker
Replied by Thinker on topic Benefits and owning property
Thank you Gordon.
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