1. Expert Q&A: Benefits - Weds 23 October, 3-4pm

    Our next expert Q&A will be on the topic of benefits. It will be hosted by Lauren from our Knowledge Services team. She'll be answering your questions on Wednesday 23 October between 3-4pm.

    You can either post your question >here< or email them to us at talkingpoint@alzheimers.org.uk and we'll be happy to ask them on your behalf.

  1. hooch44

    hooch44 Registered User

    Sep 25, 2014
    4
    Hi everyone,
    My problem is just received funding for mum being in care home and just received email talking about her property and deferred payment , I think they missed the class on plain English, I am totally confused. Her property is a non mortgageable construction, so do we sell, can't rent it as to much needs doing, just to understand would be nice, why can't they put it all in idiot form.
    Thanks everyone
     
  2. Kevinl

    Kevinl Registered User

    Aug 24, 2013
    4,783
    Salford
    Interesting question. You say it's a "non mortgageable construction" so a cash buyer (someone who doesn't need a mortgage) quite often buy to let buyers.
    Although it's worth a whole lot less than a mortgageable property if you sell there really isn't much difference in the rental value. Tennants aren't interested in the construction only the condition so I suspect the most profitable thing would be to rent or to sell it to someone who will turn it into a rental.
    I'd get it valued (it's free) then talk to the council, if they've put a charge on it and presumably this will soak up all it's value quite quickly then why should you get all the grief of: insuring it, going round checking, frost protecting in the winter, dealing with the utility bills and all that goes with looking after an empty house when there nothing in it for you?
    K
     
  3. nitram

    nitram Registered User

    Apr 6, 2011
    19,034
    Male
    North Manchester
    In addition to the problems associated with keeping the house your mum will also have to pay interest on the funds lent to her by the LA until the house is sold.
     

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