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House sale and esa

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7 years 5 months ago #202101 by Bluemonday
House sale and esa was created by Bluemonday
I am going to down size my property, for a short period of time there will be a substantial amount of money in my current account, before bills are settled. I presume I must declare this as I am in receipt of ESA. Will this mean my monies will be stopped and I will have to reapply?

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7 years 5 months ago #202109 by Gordon
Replied by Gordon on topic House sale and esa

Bluemoon wrote: I am going to down size my property, for a short period of time there will be a substantial amount of money in my current account, before bills are settled. I presume I must declare this as I am in receipt of ESA. Will this mean my monies will be stopped and I will have to reapply?


The following only applies to Income Related ESA, Contribution Based ESA has no savings limit.

Yes you need to contact the DWP office dealing with your ESA claim, the money from the sale should be disregarded as savings for 26 weeks providing you intend to use it to purchase a new home. If it looks like you may exceed the 26 weeks then contact them again, they can extend the 26 weeks if you can show that you are having problems finding a suitable property.

If you have money left over then it may effect any ESA(IR), see

Asset and savings rule for ESA(IR)

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

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