Starting over - am I entitled to anything?

[Sophiemac1989]

I have decided to go it alone. My husband is looking at keeping our current home (I can't afford to). I will get a lump sum but currently work part time so can't get a mortgage. My current plan is to rent (using some of the money I get from the house) until I can get a full time job and therefore get a mortgage.

I work 23.5 hours plus have a few zero hours contacts so this is topped up but varies month to month. Looking at other entitlements I believe I can claim working tax credits and child tax credits or is this outdated info and I could apply for UC now (looking at this if I had the lump sum as savings I'm entitled to nothing?!) . Is there anything else I should be looking into. Any advice from anyone who has been here would be much appreciated.

I don't think you can claim Uc if you have more than £6k in savings

Yes. You can't claim wtc anymore.

You need legal advise as a lump.sum.will just pay for rent childcare until it is gone.

Your entitlement to UC ceases if you have £16,000 in capital. Anything over £6,000 reduces your entitlement.

WTC is not available to new claimants.

I feared it had changed. Thank you!

Why does working part time mean you can't have a mortgage? Or do you mean you don't earn enough to get a big enough mortgage?

I don't earn enough to get one for the amount I need unfortunately.

Join UC essentials on FB. It's a charity that give advice.

I'm sure savings from a house sale for a house are disregarded for 6 months.

UC essentials can help you work out your entitlement.

Have you looked into a mortgage with a mortgage broker. It would be sad to see your funds go on rent if you have the option to buy

The mortgage can be calculated on the following your wages. Child maintenance and any benefit. Calculated on Your wage as previously said your money could be ring fenced for a house purchase for six months.

Worth looking into.

What about shared ownership? Renting is a trap you should be able to get a contractor mortgage if you have contracts or several income streams

Good luck it’s good to have professional advise if you can

If your savings are proceeds from the sale/division of your former matrimonial home they are disregarded for 6m, time to get back on the housing market op?

You might have a spousal maintenance claim for a couple years?