housing benefit

housing benefit

Another government failure brings a £1 Billion unprecedented repercussion!

01 September, 20180 Comments
A 1 Billion Pound unprecedented repercussion! An article by inside housing examined the figures from 290 local authorities and calculated that last year alone, local councils’ temporary accommodation spend neared £1bn (£937m). With this figure being reported as a 56% increase in just 5 years, we can’t help but think this is part of the
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Autumn Budget 2017 | Items of interest for Private Landlords

23 November, 20170 Comments
Housing – Stamp duty abolished for first-time buyers on homes up to £300,000 – estimated 80% of first time buyers to benefit. – For first time buyers in London there will be no stamp duty on the first £300,000 of the purchase price. Longer tenancies – The government will consult on the barriers to landlords
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5.8m households expected to rent privately by 2021

19 June, 20171 Comments
A new report has revealed that one in four UK households will be privately renting by the end of 2021. At the moment around 5m households (21%) are currently living in privately rented accommodation, a quarter of whom are families with children. As property prices continue to rise and wages stagnate, the annual report from estate
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As county court judgments soar by 35% rent guarantee demand increases

18 May, 20170 Comments
New figures released this week highlight the growing concern over rapid increases in household spending over the last 2 years fuelled by extra borrowing, especially across the UK’s private rented sector. The alarming statistics collated by the Registry Trust reveal that nearly 300,000 debt judgments have been filed against individuals in England and Wales in the first
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Old enough to fight for their country, but not to get housing help – Housing Benefit axed for 18-21 year olds

27 March, 20170 Comments
As the younger generation find it harder and harder to get onto the property ladder, from this weekend Housing Benefit will be axed for 18-21 year-olds. Ministers have decided to go ahead with potentially catastrophic plans to force young unemployed people to live with their parents or pay their own rent, first unveiled by Cameron and
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Landlords are not changing the rules – Government have changed the rules

17 October, 20164 Comments
An experienced landlord has sent this in today, which we whole-heartedly agree with at the TR Group. RE: Shelter in the news today: More than four in 10 people face homes which fail acceptable standards – BBC News. So Shelter claim that more than four in 10 people in Britain live in homes that do
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50% of Universal Credit claimants now in arrears

19 July, 20162 Comments
As the number of Universal Credit claimants in debt is much higher than expected, Lord Freud has commissioned an “urgent” review to directly address the issue. Describing the proportion of claimants already in arrears before they switched over to direct payment of benefit for housing costs under UC as “frightening”, speaking in the House of
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Benefit tenants won’t lose out on private rented homes with the help of Tenant Histories

01 June, 20160 Comments
The NLA have recently stated that tenants are set to lose out on private rented homes, as landlords look to tenants less prone to missing rental payments; in order to minimise the impact of last year’s Budget. According to the latest research from the National Landlords Association (NLA)*, six in ten (60%) landlords report that
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TONIGHT: Dispatches reveal the ‘Council House Landlord Millionaires’

14 March, 20160 Comments
Although most landlords provide good homes, this evening Channel 4’s Dispatches will investigate the increasing number of landlords who have collected more than £1million each in housing benefits over the last 3 years. As state funded stock gradually dries up and councils struggle to house those in need, an increasing number of PRS landlords are exploiting legal loopholes
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