Hello,
I am in the process of selling my house after leaving an abusive relationship (house all in my name and all bills covered by me etc.). I am on a low income and now a single Mum so I do receive some UC to top up my wages and help me with bills and childcare. I have equity in my house and will receive approx £32,000. However I am in debt and owe Stepchange approx £22,000 (It was more but I've been paying it down for a few years). I also owe my Dad money leant to me for things regarding sorting the house out and the sale and owe him approx £5,000.
Therefore when all is paid off I will only have approx £5,000 in savings so eventually won't affect my UC. And I will be upfront and honest when I dp receieve the money and can obviously provide bank statements etc to UC. My question is has anyone ever had a similar situation and has it been smooth sailing or is my UC likely to stop for a few months and be a pain to kick-start again.
Please be gentle. The house sale is due to the debt and it's now too expensive to live in on my own. Debt was a combination of silly spending in my youth and most recently having to pay for my partner, all bills and food and baby stuff for our child as they lied to me about money, but that's a whole other story! I just need to get this house sale done so I can move on with my life, clear the debt and start again.
Thank you