Crisis

LegacyUser

Hi looking for advice on this issue that my family has.

2 years ago my parents separated. Both went there separate ways and my sister and I went to live with my mum. We have been living in rented accomodation for the past 2 years paying alot of money each year including bills.My mum is very worried about her future as i and my sister are too. She gets no benfits due to the money she has from the sale of out house. She canot afford to buy a house at the moment and she will not be approved for a mortgage because she does not work due to a back problem. her family has said that they cannot help her even though they are very wealthy. When she was in the process of a separation her family told her not to worry and they would help her get a new house but these were empty promises. She does not know what the future entails for her and if she stays renting her money will dwindle away and she will have nothing. SHe is not entitles to affordable housing or anything like that. All of us are at our ends. WE REALLY DO NOT KNOW WHAT TO DO.Has anybody gone through a situation like this or does anyone have any helpful advice. thnaks

PeakOutput

why is she not entitled for affordable housing i thought anyone could put their name on the list for that?

LegacyUser

Because she has money in the bank from the sale of out old house

MagicMarker

Tell her to take the money out of the bank and put it in a credit union.

antoinolachtnai

Why does she not go back to her husband and get more money from him?

tritium

OP

One option would be to look into the various joint and affordable ownership options that are available. As one poster pointed out anyone can apply for affordable housing, though you are generally placed on a point on a list based on a score awarded due to a number of criteris. All the county councils operate some variation of this as far as I know.

For example see
http://www.dublincity.ie/living_in_the_city/your_home/housing_services/affordable_housing/index.asp
There are criteria around being a first time buyer, and to be honest without knowing your family's exact situation I don't know where you stand on this. It's certainly worth looking into. Other things to consider would be current income etc. (I'm assuming there is maintenance and possibly disability benefit or suchlike coming in)

Alternatively there is a shared ownership scheme. For example:

http://www.dublincity.ie/living_in_the_city/your_home/housing_services/buying_your_home/private_house_purchase_loan_scheme/shared_ownership_scheme.asp
This might be a better option by the sound of your case.

It's probably worth discussing thse with someone from houseing services in you local council.

Kali

MagicMarker wrote:

Tell her to take the money out of the bank and put it in a credit union.

Exactly.. or at the very least put the majority of it in a high-rate of interest savings account, Halifax offer upto 4% on large deposit savings.. or 7% on a monthly saver scheme. NEVER leave large sums of money in a current account.

OP.. Plenty of people have gone through situations like this, and it really isn't the end of the world... it's a big change, but you can cope. If there's no chance of any income for your mother (is the back problem really that bad??) then it looks like it's a case of you and your sister subsidising her for her rent.

Why does she not go back to her husband and get more money from him?

Seperated. not divorced. she's probably not legally entitled to anything at the moment? ... finalise the divorce and she may see a bit more money.

sjaakie

i was divorced ( ten years now ) had no money , similar situation, 3 small children, very hard to make ends meet, if not impossible.
i feel for you and your ma.

a possibility could be working from home? doing typework that kinda thing, there are schemes for disabled people to get into jobs suitable for them.

King of Kings

siglo_diablo wrote:

Because she has money in the bank from the sale of out old house

not true.
my ex has 100k from the sale of our house. as she is separated she is considered a first time buyer and is currently on the list. it's done by income.