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Buying a rental property whilst claiming contribution based ESA
3 years 2 days ago #268260 by mark88
Buying a rental property whilst claiming contribution based ESA was created by mark88
Hi,
My partner receives contribution based ESA. I work full time and also support her. Recently my partner has been left some inheritance to put towards buying a property.
Unfortunately due to her circumstances health wise and the area we live, (property expensive) we have struggled to find a property to buy. We currently live in a rented property I have rented approx 20 years.
She is looking to buy a flat in a property in another town purely for investment purposes. The property will be managed by a letting agent and rent money will go towards agent costs, fees and maintenance. Any money from this will go into an account set up for the property.
Please can anyone advise where she will stand with the contribution based ESA?
Thank you for your time reading and any advice given.
Mark
My partner receives contribution based ESA. I work full time and also support her. Recently my partner has been left some inheritance to put towards buying a property.
Unfortunately due to her circumstances health wise and the area we live, (property expensive) we have struggled to find a property to buy. We currently live in a rented property I have rented approx 20 years.
She is looking to buy a flat in a property in another town purely for investment purposes. The property will be managed by a letting agent and rent money will go towards agent costs, fees and maintenance. Any money from this will go into an account set up for the property.
Please can anyone advise where she will stand with the contribution based ESA?
Thank you for your time reading and any advice given.
Mark
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