Claiming Housing Benefit if you sell your home and rent it from the new owner

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1 9 Claiming Housing Benefit if you sell your home and rent it from the new owner

2 Claiming Housing Benefit if you sell your home and rent it from the new owner Contents 1 I won t be able to afford the rent if I sell my home - will I be entitled to Housing Benefit? 1 Claiming Housing Benefit within five years of selling your home 2 How to show the council that you had to sell your home 3 If you don t have to sell your home 3 Examples of situations where Housing Benefit may be refused 3 If I decide to sell my home, will its value affect my claim for Housing Benefit? 3 When the value of your home is counted as savings 4 Important information about this leaflet Help us beat Benefit fraud! Call our 24 hour fraud hotline us at benefitfraud@durham.gov.uk Text the word fraud followed by a space to

3 Claiming Housing Benefit if you sell your home and rent it from the new owner. This leaflet explains whether you may be able to get Housing Benefit if you sell your home and then rent it from the new owner. The leaflet is only a guide and does not cover every circumstance. You should consider all of your options before making a decision to sell your home and rent it from the new owner. We also strongly recommend you get independent advice from your local council or the Citizens Advice Bureau before making any decisions based on this leaflet. I won t be able to afford the rent if I sell my home - will I be entitled to Housing Benefit? Possibly - Housing Benefit can sometimes provide help with the rent in these circumstances. But certain strict conditions apply. These are listed below. Claiming Housing Benefit within five years of selling your home Usually, you will not be entitled to Housing Benefit if: You rent the home you once owned as a freeholder or leaseholder, and you claim Housing Benefit within five years of selling that home. This is called the former owner rule. The rule does not apply:- If you satisfy us that you could not have stayed in your home without selling it. After five years have passed since you sold your home. The former owner rule would still apply if you made a claim at any time within five years of selling that home, even if you could afford the rent at the time of sale but a change in your circumstances meant you later needed to claim Housing Benefit. 1

4 How to show the council that you had to sell your home This can be difficult. You have to give us good evidence showing why you had to sell your home. This may be: Letters from your mortgage lender about action they would take to collect any debts. Proof of your income and outgoings at the time you decided to sell. Evidence of other factors involved in your decision to sell. You don t need to show that keeping your home was completely impossible. But you do need to show that it was so difficult that you were forced to sell. We will decide whether we are satisfied you had no option but to sell if you were to stay in your home, based on the facts of your case and the evidence you give. If you sell your home when you had other reasonable choices (see below), you won t be entitled to Housing Benefit. When deciding whether you qualify for Housing Benefit, we may take into account things like: Whether you could have claimed benefits to help with your homeownership costs, such as Income Support, Jobseeker s Allowance, Employment and Support Allowance and State Pension Credit. Whether you had debts that were secured on your home and whether these debts were likely to lead to your mortgage lender taking back your home. Other assets you could have sold. 2

5 If you don t have to sell your home If you sell your home and we decide you could have stayed in it without selling, then we will refuse your Housing Benefit claim. For example, we may refuse your claim if you sold your home to: Repay unsecured loans, such as for credit cards or hirepurchase agreements. Reduce your monthly outgoings so that you could follow an interest, such as being a student or setting up a new business. Examples of situations where Housing Benefit may be refused:- If you sold your home because you were in mortgage arrears, and had substantial debt or other financial commitments, but we decide there was no immediate threat of you losing your home. If your personal, family or financial circumstances meant that you felt you had to sell your home, but we decide that you could have sought advice or taken other steps to retain ownership of your home. If you signed over your home to relatives, whether payment was or was not made for the property but we decide that there was no need to do so. If you sold your home to use the equity released to clear other unsecured debts such as credit card and gambling debts. 3

6 If I decide to sell my home, will its value affect my claim for Housing Benefit? It depends. The amount of your savings will affect your claim. By savings we mean money and assets, for example money in a bank or building society account, Premium Bonds, National Savings Certificates, stocks and shares, and property. Depending on how much savings you have, Housing Benefit may be reduced or not paid at all. The value of most types of savings is counted when deciding Housing Benefit, but some types of savings are not counted. When the value of your home is counted as savings If we decide the value of your home should be counted as savings, this will affect your claim for Housing Benefit. If we decide that the reason you sold your home was to claim Housing Benefit, then we will count the market value of your home, less any outstanding mortgage as savings. Depending on the amount, this may reduce your Housing Benefit, or may mean you are not entitled to any. Important information about this leaflet This leaflet is only a guide and does not cover every circumstance. We recommend that you get independent advice before making financial decisions based on this leaflet. If you have any questions or need more information, contact us or the Citizens Advice Bureau. 4

7 Other leaflets available This guide is one of a number produced with the aim of helping customers understand Housing and Council Tax Benefit. Leaflets available:- 1 Help with rent and Council Tax for people of working age 2 Help with rent and Council Tax for Pensioners 3 Information for Landlords and Agents 4 A guide for Students 5 A guide to Overpayments and Debt 6 Can you backdate my Housing Benefit and Council Tax Benefit? 7 What to do if you think the decision about your Benefit is wrong 8 A guide to Discretionary Housing Payments 9 Claiming Housing Benefit if you sell your home and rent it from the new owner

8 If you have any questions about Housing Benefit or Council Tax Benefit please contact us by: Phoning us on Visiting your local council office, or looking at our website Citizens Advice Bureau (CAB) If you need independent advice, contact your local Citizens Advice Bureau. You can find their phone number and other local advice agencies in the phone book, at your local library or by contacting us. Welfare Rights For advice about Social Security, Local Government benefits or Tax Credits tel: or This booklet is a guide only. It is not meant to say exactly what your legal rights are April 2011 Design and Print, Durham County Council, Tel:

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