After 8 years of service i am being made redundant from my current role. This worries me because I have quite a specialist role and roles of this kind are very few and far between, coupled with the fact that I currently work part time so i can look after my young son which im expecting ill have give up when looking for another role :'( I genuinely expect that I could be looking up to 12 months before i find and get something i can use my particular skill set in.
Ive never claimed any benefits (except child benefit) in my life and have no idea where to start or what im entitled too? My husband works 40 hrs a week and earns £53k and we receive no additional income or help from any other area (we are both in our late 30's). Would I (we) be entitled to any benefits whilst I am looking for alternative employment?
2 years ago we took out a 2nd mortgage to buy a small bungalow for my husbands widowed father (we took out a "mortgage for a dependant relative" mortgage package), the property is valued at £70k but my father in law pays the mortgage repayments so we dont charge any rent or make any income on this property, he paid the deposit and it was only purchased in our name because he was too old to get a mortgage and he needed to be nearer us as he was alone and is in his very golden years. Will the fact that the bungalow mortgage is in my husbands name mean that it will be considered as "savings" or "income"?
The redundancy situation is hard enough to get my head around but now considering benefit entitlements is really making my head spin. Anyone got any advise for me :S
Thanks
Ive never claimed any benefits (except child benefit) in my life and have no idea where to start or what im entitled too? My husband works 40 hrs a week and earns £53k and we receive no additional income or help from any other area (we are both in our late 30's). Would I (we) be entitled to any benefits whilst I am looking for alternative employment?
2 years ago we took out a 2nd mortgage to buy a small bungalow for my husbands widowed father (we took out a "mortgage for a dependant relative" mortgage package), the property is valued at £70k but my father in law pays the mortgage repayments so we dont charge any rent or make any income on this property, he paid the deposit and it was only purchased in our name because he was too old to get a mortgage and he needed to be nearer us as he was alone and is in his very golden years. Will the fact that the bungalow mortgage is in my husbands name mean that it will be considered as "savings" or "income"?
The redundancy situation is hard enough to get my head around but now considering benefit entitlements is really making my head spin. Anyone got any advise for me :S
Thanks