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Buy house with lump sum and then claim universal credit?

  • anonymous1066
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17 Jun 21 #517016 by anonymous1066
Topic started by anonymous1066
Hello
My stbx earns approximately 800 a month with two sons.
Using the entitledto calculator if she doesnt have savings over 16K then she would receive Universal Credit of about 790 GBP a month.

If as part of the divorce settlement she receives 200K GBP which she uses to put down as a deposit on a place to secure a low mortgage, then would she be able to claim universal credit. Would the 200K GBP spent on a house be deemed as deprivation of assets?

Thanks for reading.

  • rubytuesday
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18 Jun 21 #517020 by rubytuesday
Reply from rubytuesday
As long as any lump sum from a divorce settlement is used to purchase a house within 6 months of receipt, it won't affect current benefit entitlement. And no, using the lump sum to purchase a property won't be viewed as deprivation of assets.

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