Housing benefit cuts deter landlords from letting

Brallaqueen

Well, by the time I have a BTL everyone could be on LHA to some degree just to be able to live.

Graham_Devon

Brallaqueen wrote: »

Well, by the time I have a BTL everyone could be on LHA to some degree just to be able to live.

And the country would be bankrupt.

Wee_Willy_Harris

Even you? lol

LydiaJ

Brallaqueen wrote: »

@ LydiaJ London is a law unto itself with regards to property and prices but I take your point.

Thanks.

I assumed we were talking about London because I thought London was the only place with rents high enough to be affected by the LHA caps. Have I got the wrong end of the stick?

ETA Thanks for explaining, WWH.

Wee_Willy_Harris

LydiaJ wrote: »

Thanks.

I assumed we were talking about London because I thought London was the only place with rents high enough to be affected by the LHA caps. Have I got the wrong end of the stick?

LHA was calculated as the 50th percentile of rentals in a given market area. That has now been revised to the 30th percentile, so all LHA rates are reducing.

firstinflight

If they genuinely can't afford to lower rents, then should we expect to see a flood of cheap property in a few months time as ex BTL places are offloaded/repossessed?

Can't say i'd mind that at all.:beer:

JonnyBravo

firstinflight wrote: »

If they genuinely can't afford to lower rents, then should we expect to see a flood of cheap property in a few months time as ex BTL places are offloaded/repossessed?

Can't say i'd mind that at all.:beer:

If it's true, yes.

Let's see if it was true or if, as already postulated, it was meaningless claptrap from a half assed survey.

Don't hold your breath will you?

ILW

Wee_Willy_Harris wrote: »

And yet national policy is being decided to address a very localised problem in the South East.

The South East is the British economy, the rest of the country just tend to live of what happens down here.

ninky_2

personally i think they should raise the limits for those on in-work benefits and lower them for those on out of work benefits - logic being those on in work benefits are in greater need as they need to be in the area for work.

Herbie_Hancock_I_wish

Funny that a mate of mine was talking about his BTL. Purchased a year ago , providing nothing goes wrong, damage, voids, he told me they are in profit by £1 a month. I suggested that the council might like to take it over. Do all the bits and pieces. He said that they would make a loss on it. Ummmm, 0.5% interest.

Just worked out, without the state pensions and serps, my wife should be picking up from pensions about what a flat rental is worth down here.

Can`t beat a GAR pension or indeed some old company ones.

With me, not in the best state of health it is a nice surprise.