Housing Association and Online Account
If you reside in a property owned by a housing association, you may be eligible for Universal Credit to assist with your housing costs. To apply for Universal Credit, you must create an online account.
Bank Statements and Shared Ownership Scheme
When applying for Universal Credit, you must provide proof of your income and savings, including bank statements that detail your income and expenditures.
You may still be eligible for Universal Credit if you participate in a shared ownership programme. Still, the amount of benefit you receive will depend on your circumstances.
Capital Disregarded for Universal Credit
Specific capital is disregarded when determining your eligibility for Universal Credit, including your personal belongings, the value of your home, and any outstanding mortgage or rent arrears.
However, any savings or capital over £6,000 will be considered.