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Buying property - C...
 
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Buying property - CMS

 
 Maka
(@maka)
Active Member Registered

Hi

I am a non resident parent with an open case on CMS, currently paying to a child from previous relation.

 

me and current partner with whom I have a second child jointly acquired a flat via mortgage.

How is that going to affect my case with CMS? What may change? Do I have to declare this to CMS?

if I become unemployed can CMS repossess my house even though is a joint mortgage?

Quote
Topic starter Posted : 22/06/2023 3:16 pm
(@dadmod2)
Illustrious Member

Hi,

No CMS can not make claims on a property that you live in. No need to declare.

Some info on asset variation: https://commonslibrary.parliament.uk/research-briefings/cbp-7773/

 

 

ReplyQuote
Posted : 22/06/2023 8:32 pm
Maka reacted
(@dadmod4)
Illustrious Member

I assume CMS are aware of your second child? That will reduce the maintenance you have to pay.

ReplyQuote
Posted : 23/06/2023 11:42 am
 Maka
(@maka)
Active Member Registered

@actd 

they are aware but didn’t took it in consideration as she does not receive Child Benefit ( her mother has high income therefore not elegible according to CMS, however still under investigation)

ReplyQuote
Topic starter Posted : 23/06/2023 11:46 am
(@dadmod4)
Illustrious Member

Posted by: @maka

@actd 

they are aware but didn’t took it in consideration as she does not receive Child Benefit ( her mother has high income therefore not elegible according to CMS, however still under investigation)

I've just done a quick calculation using the CMS calculator based on £35k per year (seemed a reasonable figure), with zero overnights, and that gives a monthly payment of £348 if you have no dependant children living with you, and that drops to £310 per month for one dependant child living with you. You definitely need to chase that up.

 

ReplyQuote
Posted : 23/06/2023 12:01 pm
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