Rents to crash again in 2012.......

macaque_2

It's either that or a tidal wave of rent defaults

One In Seven Brits Using Credit To Pay Mortgage Or Rent

http://www.huffingtonpost.co.uk/2012/01/03/payday-loans-one-in-seven-uses-credit_n_1180839.html?ref=uk-politics

somethingcorporate

Shocking :eek:

missile

I find this hard to believe, more exagerated scare stories to sell newspapers?

Your link doesn't work for me.

Darthvader

From the link, again I keep hearing about this total benefit cap of £480 per week.

"Family size also affects the scale of the reduction in income, not least because of plans to put a £25,000 cap on the total value of benefits that can be paid to any family, regardless of size."

http://uk.finance.yahoo.com/news/families-hit-benefits-changes-061806343.html


But in London housing benefit and council tax benefit will make up most of that £480 per week?


When are these cuts coming in? What will this do to the property market especially in London?