I'll start off by saying that I know I am fortunate and that this is very much a first world problem...
I'm a single parent. I work full time but receive some UC which helps a lot. Minimal child maintenance from DC's father.
A family member died last year and I am due to inherit a part of the estate, although maybe not for a while as the house isn't on the market yet. I will possibly be looking in the region of about £30k, could be less depending on how much the house sells for.
I currently rent. Obviously my priority will be to try to buy somewhere of my own, but area is pretty expensive. Online calculators say I may get a mortgage of around £100k based on my income, which would give me a pot of around £125k to buy once I factor in fees etc. I could get a small 2 bed flat for this, maybe, but nothing great and in one of the rougher parts of the city. But it would be a start.
My worry is about the UC. Obviously (and rightly) this will stop as soon as I get the money. But if I can't afford to buy my own place straight away, it will leave me in the position of having to dip into the inheritance money to live, making buying my own place harder and harder.
I really want to use this opportunity to improve my life.
What would you do?
Please or to access all these features
Please
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AIBU?
To be worried about receiving inheritance
58 replies
OpheliaBoots · 17/06/2020 12:42
OP posts:
poisson428 ·
17/06/2020 13:29
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