UK landlords are concerned about the impact Universal Credit will have on the private rented sector 70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA). 75% of Landlords with larger property […]
Read MoreThe proposed Universal Credit system due to be introduced in April 2013 is set to replace existing benefits, including housing benefit, will put thousands of social (council and housing associations) and thousands more Private Rental Sector (PRS) landlords at a much higher level of financial risk. The current system of Local Housing Allowance (LHA) or […]
Read MoreUnder the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords. Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears! […]
Read MoreA landlord’s right to receive direct rent payments from a local authority for tenants in receipt of Local Housing Allowance (LHA) or Housing Benefit (HB) will be scrapped under the proposed new Universal Credit (UC) benefit system. Therefore it is widely predicted that even more landlords will potentially withdraw from the LHA market as there […]
Read MoreThe National Landlords Association (NLA) have disclosed that more than half of its landlord members are unable to rent their properties to tenants claiming housing benefit because they can’t afford to allow their properties to be rented at reduced rates, due to the rate caps imposed on the Local Housing Allowance (LHA). The NLA found […]
Read MoreLandlords in the UK Private Rented Sector (PRS) face a new threat to their livelihood following a ruling by the Supreme Court. UK landlords may be unable to pursue the eviction of tenants who have failed to pay their rent or who have committed anti-social behaviour as a result of the Supreme Court ruling. Hounslow […]
Read MoreThe Council of Mortgage Lenders, (CML), think the coalition Government’s Chancellor of the Exchequer, George Osborne should be doing more to encourage institutional investors to take a stake in Buy To Let property in the upcoming Budget. The Council of Mortgage Lenders are the trade body for all the UK’s major bank and building society […]
Read More275,000 new tenants flooded the UK Private Rental Sector in 2011 – a 24% increase on the previous year. Latest Government figures confirm the steady decline of UK Home ownership and the social rented sector, (Council Houses), together with the indisputable rise of the Private Rented Sector (PRS) following the credit crunch. The figures confirm […]
Read MoreUK landlords have little confidence in the current Housing Benefit system and the majority would try to avoid accepting tenants in receipt of benefits due to the extra hassle and headaches that dealing with local authorities and local government departments cause. Landlords claim that tenants who do not receive any form of welfare support are […]
Read MoreThe coalition Government face another battle over welfare reforms, this time in the House of Lords. The outcome will affect individuals and families in receipt of local housing allowance (LHA) or housing benefit, who are in private rented sector (PRS) properties. The Welfare Reform Bill, currently going through the House of Lords, is set to […]
Read MoreUp to a million families across the UK now face a bleak future as the cuts to housing benefit take effect. Homeless charities including Shelter, Crisis and even the Residential Landlords Association (RLA) have all been campaigning against the Governments welfare reforms where the new LHA caps restrict the maximum LHA payable to between £250 […]
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