Sale of property/cash savings held

[vinny048]

Hi, I am asking this question on behalf of a family member with a application currently on hold. £13800 salaried income + £5200 rentable income, application on hold as he doesn't meet the financial requirement (collected rent money in cash).

He is willing to sell a property he owns, currently held in his name along with his mother. The plan is to sell the property and place the funds in the applicants account.

Question is as the property is in joint names will he have to hold the savings for 6 months as the property is not solely his?

Many thanks
Vinny

[Amber]

(ii) The property (or relevant share of the property) was owned by the applicant, their
partner or both jointly at the beginning of the 6 month period prior to the date of
application.

[vinny048]

Thank you find the answer here;

7.4.10

(iv)If the ownership of the property was shared with a third party, only the proceeds of the sale of the share of the property owned by the applicant, their partner or both jointly may be counted.

Thanks again
Vinny

[Amber]

I should have looked further down, well spotted!