sale of family home

[piccadilly]

a friend of mines stepmum is selling the family home to move into rented accommodation, does this meanthe proceeds of the sale of the house will go towards the ren of the new place?

[CheekyChops]

If she is working then she can pay the rent from her wages and do what she likes with the proceeds from the sale. If she isn't then yes, she will need to pay the rent from the money she makes from selling her current home.

[factor-fiction]

I think you need to clarify your question, piccadilly.

[piccadilly]

whta i mean is, she is retired, so would the money from the sale of the house go towards the rent?

[ummmm]

Depends how much money she gets. Anything under 6k doesn't need to be declared.

[Sandy-Wroe]

In order to be able to claim housing benefit you need to have less than about £16000. I'm not sure of the exact figure.
The fact that she sold a house would mean she'd have enough to pay her own rent.

[ummmm]

If you have 16k or over you will not be entitled to any benefits. They take a certain amout off you for every £500 you have over 6k.

[piccadilly]

the house is worth about 180k, the rented accomoda 2 bed bungalow is 750 a month, does that include all bills as well? so i guess the money from the house would last a reasonable time, my friend is concerned!

[ummmm]

Well if she has 180k in the bank she can't expect the state to pay her rent.

The rent probably won't include bills.

[Sandy-Wroe]

Your friend should go and talk with someone from the CAB. If the stepmother is now a widow, your friend may have a financial interest in the property.

[piccadilly]

i suppose he has, he's worried about his inheritance, which if bills are not included, will whittle away further and quicker, but thats life

[bednobs]

he shouldn't be thinking about it a s"his" inheritance. If the house belongs to the stepmum, she can d whatever she likes wth the proceeds of the sale, and can quite easily make a will to leave all excess money to the cat's home!!!

[piccadilly]

yes his father left it to his stepmum, so i guess the money from the sale will largely go on the rent for years to come, you don't seem very sympathetic bedknobs!!