Selling my home /buying a new home

ted158
ted158 Online Community Member Posts: 1 Listener
in Housing and independent living

I am wondering if I can sell my current home and use the money to purchase a new home more suitable for my current health needs and still stay on universal credit and claim council tax benefit?

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  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 5,431 Championing

    Hi,

    The money from the sale of your home can be disregarded for 6 months as long as you are using it to buy another home.

    If the new home is cheaper and leaves you with more than £16k in savings then that would stop your UC entitlement until savings had dropped below £16k.

    Council Tax Reduction is managed by your local council and they all have different rules on savings, so you would have to check that directly with your own council.

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