Renting Out a Owned Property & renting another Property

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  • #31977
    Anonymous
    Guest

    Hi,

    Can you pay a claimant on a property that they renting, when the property the moved out of was owned by the claimat and they are now renting that proerty to somnone else.

    The property is currently up for sale, but is in negative equity. If the claimant was to rent the property out, but after all mortgage repayments and differance between rent. They would still be in negative money.

    Can we pay this, it seams like we are funding for her to keep on her property, until she gets through the current economic climate.

    Thanks

    #42420
    nolan1
    Participant

    Broadly yes, the regs do allow for this, it is not that uncommon a situation.

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