I am looking into applying for disability benefit and visited the Citizens Information Bureau but they were unable to clarify my questions. I have a house that is rented out as it is in a city where I no longer live. Is the capital of the house the full value of the home, or the value of the home minus mortgage still outstanding? Thank you for your help.
Second homes and income from lettings
The home in which you live is not included in the assessment of your means from capital (see above). If you own a house which is let, you are assessed on the capital value of the property. You will not be assessed on the income from the letting. Any outstanding mortgage registered against the property is deducted from the market value to find the capital value