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I do not own any property, and I am in receipt of means tested benefits (ESA).
I inherit a sum of money - enough to buy a property outright. Over £16,000 in any case. I assume my means tested benefits will stop.
I use the vast majority of my money to buy a single property to move in to. My savings are now back under £16,000.
Can I claim for means tested benefits again? Or, would buying the property be classed as deprivation of capital?
I believe I read that you can buy one property to live in if it will be your only property, or something, but I want to be sure.
Many thanks in advance.