Changes to Housing benefit how much will rents fall?

Shakethedisease

chucky wrote: »

you certainly do make a lot of mistakes...

you claimed that 90% of rental properties will be affected the Housing Benefit changes... Shakethedisease was wrong...

your claims about the 30% and 50% percentile... Shakethedisease was wrong...

the Camden figures... Shakethedisease was wrong...

you keep all your up fantasy stuff sweet cheeks at least you're consistent in being very, very wrong each and every time

1) Nope. I quoted from an article Love-rod.

Here's the headline and blurb from it..

Rent caps could leave 340,000 homeless

A survey suggests a third of social tenants could be made homeless and 90% of landlords in London and the South East will be affected by the upcoming changes in housing benefit legislation...

..Upad.co.uk, the UK's largest online lettings agent, reported that just under 40% of survey respondents say their rental payments will be affected with 90% of those letting in London and the South East affected by the change.
A third of landlords in the Midlands and North West, as well as a quarter of those in Scotland also say they will be hit.

http://www.yourmortgage.co.uk/news/3626984

Make of it what you will, snake-hips ;-)


2) Nope. You are, choochie-face.

3) Yes I was wrong, I highlighted it myself again and thanked the person who pointed it out. Ok with you cherub ?

It was almost worth logging in here tonight to see you call me sweet-cheeks. Love it ! I spat my wine all over my laptop laughing. Thanks hunny bun xxx *simpers*

Made my points, nothing really further to say on the actual OP so am over and out.

And thanks ( once again ! )..Chewmylegoff for clarifying things.

it's not some figures that i have produced, it's a paper produced by something called "london councils" the purpose of it is to point out how nasty the caps will be and why they shouldn't be introduced, so i doubt the numbers are on the low side. however, it is obviously designed to only address the initial cap, so it doesn't take into account this 30th percentile (different to 30% of median) stuff.

drc

Will you two get a room already.

Shakethedisease

you now claim repossessions will rise. you obviously live in a fantasy world. good luck with peter pan and tinkerbell...

Oh look..

DWP mortgage cuts could mean rise in repossessions

http://www.bbc.co.uk/news/business-11368181

From the Beeb. TTFN.

simondm

drc wrote: »

Will you two get a room already.

And hurry before the single room rate of LHA gets reduced.

RDB

Shakethedisease wrote: »

Have a quick shuftie through this lot. There are some big figures being thrown around regarding lha.


http://www.themovechannel.com/news/f0aa24cb-041a/

http://www.homemove.co.uk/news/03-09-2010/landlords-unmoved-by-new-lha-limits.html

http://media.shelter.org.uk/Press-releases/London-households-could-be-pushed-over-the-edge-by-cuts-to-housing-benefit-310.aspx

http://www.lovemoney.com/news/make-good-property-decisions/buy-to-let-investments/bad-news-for-landlords-5392.aspx

http://www.insidehousing.co.uk/news/housing-management/benefit-reform-to-split-london-borough/6511308.article

http://www.ft.com/cms/s/2/8137836e-ba87-11df-8e5c-00144feab49a.html

http://citywire.co.uk/money/landlords-brace-themselves-for-benefit-caps/a427708

In Camden at least ( according to one of the articles) 2000 out of 3000 claimants are going to be affected.

And from Shelter
"90% of landlords in London and the South East will be affected by the upcoming changes in housing benefit legislation. "


"On a regional basis, 90% of respondents letting in London and the South East said they would be affected; a third of landlords in the Midlands and North West and a quarter of Scottish landlords. "

"This is primarily a London problem,’ says Vincenzo Rampulla of the NLA. He says that some landlords have been profiteering. Government figures show that the median LHA rent for three bedroom accommodation in London is £730 a week – well above the new £400 cap - and there are some claimants receiving as much as £4,500 a week. "




£4500 PER WEEK!

How can anyone say that this was not propping up the market?

Is that really right? Can some big families get £4500 per week?

How many houses are getting over £1000 I wonder.

This can only be in nice areas in London.

Simple question what will happen to all these houses after April?

Jowo_2

"Up to 82,000 households could lose their homes because of changes to housing benefit rules, it was claimed today.

A survey of private landlords by London Councils found that 60 per cent would refuse to lower rent so their tenants could stay on. Many said they would rather evict the tenants or refuse to renew the tenancy when it came to an end...

More than 25 per cent of landlords said they could just decrease the number of properties they rented to tenants on benefits...."

http://www.thisislondon.co.uk/standard/article-23880859-housing-benefits-shake-up-will-force-tenants-onto-streets.do

Graham_Devon

Jowo wrote: »

A survey of private landlords by London Councils found that 60 per cent would refuse to lower rent so their tenants could stay on. Many said they would rather evict the tenants or refuse to renew the tenancy when it came to an end...

More than 25 per cent of landlords said they could just decrease the number of properties they rented to tenants on benefits...."

http://www.thisislondon.co.uk/standard/article-23880859-housing-benefits-shake-up-will-force-tenants-onto-streets.do

And BTL landlords wonder why they are tarnished with a reputation.

carolt

Jowo wrote: »

"Up to 82,000 households could lose their homes because of changes to housing benefit rules, it was claimed today.

A survey of private landlords by London Councils found that 60 per cent would refuse to lower rent so their tenants could stay on. Many said they would rather evict the tenants or refuse to renew the tenancy when it came to an end...

More than 25 per cent of landlords said they could just decrease the number of properties they rented to tenants on benefits...."

http://www.thisislondon.co.uk/standard/article-23880859-housing-benefits-shake-up-will-force-tenants-onto-streets.do

Will be interesting to see who they do rent these properties out to, then, as the numbers of those working who can afford inner London rents is not large. I doubt they're currently renting these places out to benefit claimants out of the kindness of their hearts - they're doing it because LHA currently pays much more than the market rent.

Also notable that 40% of landlords say they ARE going to lower rents - that is going to have a huge impact on average rents, giving a tremendous push downwards across the market. Which will be followed through as the 30% policy keeps bringing LHA lower and lower for those on benefits.

Great news for tenants.

IveSeenTheLight

carolt wrote: »

Also notable that 40% of landlords say they ARE going to lower rents -

Where does it say that?
It does say that 60% would refuse, however that does not correlate in the 40% will reduce.
It's unclear how many will reduce or how many will consider / don't know yet.
It's also unclear of those that will reduce, how much they would be willing to reduce.

Of those that will reduce, what standard of property are they.
Is it possible the the 60%+ that will refuse to are the better standard properties.

The water is not as clear as you may think.

the_flying_pig

Landlords are not charities, they would be well within their rights to refuse to cut rates.

But it's highly unlikely that they'd get the exact same money from non-HB tenants - if they could then why are they housing [genreally higher risk] HB tenants in the first place?