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JSA Means Test - how is 2nd property valuation determined?

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  • 22-08-2012 4:53pm
    #1
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭


    As per the thread title, for the purposes of the means test for JSA, I understand that the capital value of the property (where there is a 2nd property other than the candidates home involved) is used to determine means.

    My question is this; How do they arrive at the 'capital value' of the property? Do they retain the services of a valuer?...or do they use their own rule of thumb?


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    #2
    eastbono
    Registered Users Posts: 2,758 ✭✭✭eastbono


    makeorbrake wrote: »
    As per the thread title, for the purposes of the means test for JSA, I understand that the capital value of the property (where there is a 2nd property other than the candidates home involved) is used to determine means.

    My question is this; How do they arrive at the 'capital value' of the property? Do they retain the services of a valuer?...or do they use their own rule of thumb?

    Technically you should provide proof of capital value of property from an estate agent or if a similar property is for sale in the area then this may be acceptable.
    Means are calculated on capital value of property less any outstanding mortgage. If property is in negative equity then means from this property will be nil.


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    #3
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭makeorbrake


    Perfect - thanks. That's exactly the info I was looking for.


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