Will any of my benefits stop if I brought a house nd pay in cash of the sale of the house?

paulawells
paulawells Online Community Member Posts: 1 Listener
edited June 2022 in Benefits and income
Will any of my benefits stop if I brought a house nd pay in cash of the sale of the house my in know 

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  • poppy123456
    poppy123456 Online Community Member Posts: 64,463 Championing
    For all means tested benefits the house you live in is not classed as capital. If you're claiming help with any rent at the moment then of course this will stop because you'll no longer be renting.
    If you're thinking of buying a house with cash and you currently have more than £16,000 in savings, in all your banks and savings at home then it means you're disregarded from claiming all means tested benefits like housing benefit, Income Related ESA/JSA, Income Support. UC and council tax reduction.
    If you're currently living in your home that you own and you sell this, it can be disregarded for 26 weeks (sometimes longer) if you plan on buying another home.

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