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 […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreThere has been a general slump in the number of private landlords in the UK who are willing to take applications from people on benefits and local authorities are being warned that they need to take action. As previously reported, http://blog.legal4landlords.com/welfare-reform-is-bad-news-for-landlords-and-tenants , there is now a significant fall in the number of landlords even willing […]
Read MoreMillions of property owners and tenants renting property in the Private Rented Sector (PRS) are resorting to extreme measures including high interest pay day loans to avoid eviction as well as trying to make ends meet after falling behind on monthly housing payments. According to a new report by homelessness charity Shelter, nearly 8 million […]
Read MoreUniversal Credit Creates Rent Arrears Storm A parliamentary debate held earlier this month (September) saw MPs from both sides of the house getting a little hot under the collar, arguing about how payment of the new Universal Credit benefit, due to be introduced next year, should be made. Universal credit is set to take over from Local […]
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 MoreThe results of a recent survey show that due to misconceptions over Government Welfare Reforms increasing numbers of private rental sector landlords are now refusing to even consider applicants claiming Local Housing Allowance (LHA), when searching for new tenants. The Spareroom.com survey showed that out of 1000 UK landlords surveyed: 87% had problems with non-payment of […]
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 MoreUK landlords could soon be forced out of the Local Housing Allowance (LHA) market by the Government cap on housing benefit payments. 77% of UK landlords who currently accept tenants claiming benefits are already planning to, or are actively taking steps to reduce their involvement with DSS/LHA tenancies because they are physically unable to afford […]
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