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Is my home safe?

4 replies

Lavalump · 04/10/2019 14:23

I was just checking when I have to start paying my Student Tuition Fee Loan back ( NOT a maintenance loan - I don't have that) - the answer is when I am 'earning £25,725 a year. At first, I thought that was just income from employment but then I see this:

Earnings mean any money from employment or self-employment and, in some cases, earnings from investment and savings

In law, what exactly does 'investment' mean?

Is my primary home not an investment?

OP posts:
Namechangeforthiscancershit · 04/10/2019 15:23

It's income they're looking at isn't it (the say "earnings" but then say investments) so your house wouldn't be relevant unless you rent out any rooms, in which case you'd need to check the rules. If you do rent a room then that shouldn't be counted.

Investment doesn't have a legal meaning.

What do you mean by "safe"?

Lavalump · 04/10/2019 15:46

Thank you. It means I won't do anything that may mean that at some point someone may be able to force me to sell my house to pay them back or take money from the sale of my house.

OP posts:
Namechangeforthiscancershit · 04/10/2019 16:09

Oh goodness no. Your house is your home. They are only interested in income and sometimes people have minimal/no earnings but get income from investment portfolios etc. Then that income can sometimes get taken into account, but not the capital value anyway.

Don't worry. You don't need to sell anything!

Lavalump · 04/10/2019 16:24

Thank you! I'm relieved.

OP posts:
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