NEGATIVE EQUITY ON PROPERTY, NEED TO MOVE?

[qwerty30]

Friends daughter and husband lives in a 1 bed house, has a small child so needs more room, their house is worth about £15K less than they owe, they have handed the keys back to Mortgage lender and moved into rented, what happens when mortgage co sell it? Are they entitled to go on Council list?

[hc4361]

pdust, which council do you come under?

[pdust]

its one in west yorkshire hc.

[ojread2]

pdust, from wakefields web site

Q Who can get Local Housing Allowance?
A
From 7 April 2008 everybody who claims Housing Benefit and who rents from a private landlord will have their Housing Benefit calculated using Local Housing Allowance unless:

Your landlord is Wakefield District Housing
Your landlord is a Housing Association
You live in a caravan, mobile home or houseboat
Meals are included as part of your tenancy
In these cases you will have your maximum Housing Benefit worked out using the existing rules. If you are already receiving Housing Benefit the rules will not change until you move home or have a break in your claim.
Q How will Local Housing Allowance work?
A
The maximum amount of Housing Benefit you can receive will be set in advance by the Rent Officer. It will not depend on the rent that you pay. The maximum amount you could receive will be the same for every same size household in the area in which you live regardless of differences in actual size.

The Rent Service has divided the country into areas that are made up of a number of neighbourhoods. These are called Broad Rental Market Areas (BRMAs).

Q What are Broad Rental Market Areas (BRMAs)?
A
Broad Rental Market Areas (BMRAs) are made up of a number of neighbourhoods and will include a wide mix of property types within a reasonable distance of various public amenities such as health, education, recreation, personal banking and shopping. Wakefield Council will have one Broad Rental Market Area that will apply to the whole of the district.

From the information that is collected the figure that is at the mid-point of these rents will be the figure that is used as the Local Housing Allowance rate. This will not take into account any rents from the area that are unusually high or low. The Rent Service will continually monitor the local rent market and update the Local Housing Allowance figures for each BRMA every month. There will be a number of different rates for the area based on the number of rooms each household needs.

Each month we will publish the Local Housing Allowance rates based on the BRMA for Wakefield. These will be displayed on this website and on posters in our reception area on the ground floor at the Civic Centre, Ferrybridge Road, Castleford.

To view the current Local Housing Allowance rates please follow the link in 'Downloads'.

Q How much Local Housing Allowance will I get?
A
The amount of Local Housing Allowance you will get depends on:

The number of rooms you need
The area you live in
Any savings or money you have coming in
Whether you have someone who is not a dependant living with you
Q How does the Council work out how many rooms I need?
A
The number of people living in your household will be used to work out how many rooms you need.

You are allowed one bedroom for:-

Each adult couple
Any other adult (aged 16 or over)
Any two children under aged 10


Which is exactly what I said
Unless that is not your area but I find it difficult to see why your council would be different?

[pdust]

my daughter had 2 girls under 7 years old... she bidded for a 3 bedroom house when she was living in a 2 bedroom house (council) and got it. This was in 2010

it may be me but from your last sentence you seem to think im making it up?

[ojread2]

ooops i didn't mean to C&P all of that
And where did I hint or imply you were making it up - things like this are always misinterpretated
She got a 2 bed house, she had 2 girls. If she had a girl and a boy of the same age all she would be entitled to under council rules is a 2 bed house

[ojread2]

Q How does the Council work out how many rooms I need?
A
The number of people living in your household will be used to work out how many rooms you need.

You are allowed one bedroom for:-

Each adult couple
Any other adult (aged 16 or over)
Any two children under aged 10

^^ that was all I meant to post

[ojread2]

I'm leaving bits out ...

She got 3 beds because no one during that bid time was eligible for that house apart for her
Are you sure she wasn't on the exchange register and not the actual waiting list?

[pdust]

sorry oj, it just seemed that way to me.

There were actually tons of people bid for the houses, they were new builds solar powered, big rooms and the gardens had been done, the council bought so many of them and from what i heard every man and his dog in that town and the surrounding towns bid for them ..... she definitely wasnt on exchange or an actual waiting list because there are no waiting lists anymore

i did wonder why you copied all that lol