LANDLORD NEWS AND ADVICE FROM UK'S LARGEST ONLINE LETTING AGENT
The latest from the world of lettings and written for landlords. Top stories, advice, commentary and analysis...
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Archive for the ‘Housing Benefit’ Category
When the coalition came to power in May 2010 one of their key aims was to reform the benefits system and reduce the annual £22 billion housing benefit bill, but will the changes affect private landlords? Here’s our summary... Overview: The cuts are to be achieved via three policies; making tenants more responsible for their own money via a single, universal benefit payment that includes... Read more
LHA tenants get a bad press - often unfairly so. Here are the advantages, and disadvantages, to renting to this type of tenant. Key points: 1. According to research, LHA tenants stay in properties for twice as long compared with non-LHA ones. 2. You can apply to the council to get housing benefit paid directly to your account if you have a good reason (like a failed credit check). 3. It... Read more
There is plenty of good news in the rental sector right now. Tenant demand is strong and shows little sign of waning. With demand strong and supply less fluid, rents have continued to increase in most of Britain. In London the average monthly rent is £1000, elsewhere it weighs in at £700. Good news you might think. But there is a downside. Pundits are reporting that rising rents are at risk... Read more
A Sussex landlord has been convicted of a £21k benefit fraud, after it was revealed that he had failed to declare rental income from a property he was letting out. Bab Saracouli, 43, of Barons Way, Polegate in East Sussex was found guilty of pocketing more £21,391 in council tax relief and housing benefits whilst also trousering £775 in monthly rental payments from a property he part owns... Read more
In the aftermath of the riots in London, and other parts of the country, we posed a question here on the Upad blog: "should rioters lose their council homes?" We were overwhelmed with dozens of comments and the response was unambiguous. The vast majority answered: “Yes!” Jane spoke for many when she answered, “Of course they should! There are plenty of law abiding citizens on waiting... Read more
15% of private landlords say they will stop taking on Local Housing Allowance (LHA) tenants in response to the coalition government's changes to the level of payments, according to BDRC Continental's Landlords panel. The research strongly suggests that the changes to the level of LHA payments, which will be capped to the 30th percentile of local rents, will drive many private landlord away... Read more
A survey by the National Landlords Association (NLA) reports that over 50% of landlords will be reducing the number of properties they let to housing benefit tenants. According to the survey, 58% stated that they would cut the properties they let to tenants on housing benefits. 90% of those landlords plan to do so in the next 18 months. One third revealed that they would be taking action... Read more
The RLA have been campaigning for proposals to support the private rental sector. The budget is now just over a month away, and with rental properties on the rise, now is the time to fully bring the private rental sector to the Government’s attention. RLA have briefed key MPs and peers, urging support for financial assistance helping to treat the sector as a business. The response so far... Read more