Scared to move off benefits

[NotDeadYet6]

I’m aware I could get criticism for this post but here goes.

We are in the final stages of buying our first home. It’s taken many years to get to this point and will be past retirement when mortgage is paid off. I’ve been doing minimum work since my 2 year old was born but have now lined up another job and childcare for the other kids.

However I’m bloody terrified to do this in the current climate. We receive £1600 a month in UC (high rent) despite DH earning more than the average wage. By moving into work we have £300 less a month (once wages, childcare etc accounted for). Childcare costs won’t change much when youngest is in school unfortunately.

Buying a home has been my dream for so long but now I’m terrified that mortgage rates will spiral, economy will get even worse and we won’t be able to afford little luxuries like kids swimming lessons.

You’ll be fine, nothing will spiral, aim for promotion, do training. The childcare costs will disappear at some point and you’ll be in a position to keep improving your income.

Kids swimming lessons are not a luxury and I think you already know that will derail the thread 😉

Are these calculations done from a point you already know your entitlement without housing costs before you add in your new job?

Have you included your 85% childcare support of what costs you have.

Also you’ll receive higher work allowance when you are a homeowner.

Ii do understand the worry. Home ownership isn’t always ideal as you have all the costs and maintenance but it is more secure.

I may have missed something but how have you managed to save for a deposit on a house while claiming UC?
Please consider that there is little support for a mortgage under UC

Surely you aren't 300 pounds a month worse off because you are working and coming off of UC. If you stayed in your rented house on UC you would be better off as wages aren't deducted pound for pound. The loss must be because you are getting a mortgage.

You might be £300 per month worse off, or more if you have to be responsible for repairs etc. BUT you will, in time, be better off ... in retirement especially. If you continue to rent in retirement life will be bloody miserable for sure.

Yeah i'm confused about this one