K
kingofblues
Guest
Hello
I have seen on other threads when you are assessed for social welfare, they also take account of your assets.And if you have a bank account and an overdraft they take the net amount as your asset. In the case of a mortgage and your house is in negative equity, is it the same case here? e.g. House worth 120k, mortgage worth 150k , net negative 30k. Or lets say you have 60k of bank accounts and 150k mortgage , is your assessment negative 90k assets?
Thanks
I have seen on other threads when you are assessed for social welfare, they also take account of your assets.And if you have a bank account and an overdraft they take the net amount as your asset. In the case of a mortgage and your house is in negative equity, is it the same case here? e.g. House worth 120k, mortgage worth 150k , net negative 30k. Or lets say you have 60k of bank accounts and 150k mortgage , is your assessment negative 90k assets?
Thanks