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Under 25 housing benefit

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Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    As that is all they get now I think they must be talking about stopping that.
    If they have no parents then they have nowhere else to live so it won't stop. DC is trying to stop people moving out of the family home until they can afford to.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Housing allowance does not go to under 25's but straight into the pockets of their landlords. Subsidising BTL in this way makes no sense and just creates a moral hazard. The property sector needs to adjust to real market rates (i.e. affordability).
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    macaque wrote: »
    Housing allowance does not go to under 25's but straight into the pockets of their landlords. Subsidising BTL in this way makes no sense and just creates a moral hazard. The property sector needs to adjust to real market rates (i.e. affordability).
    Then straight out the pockets of the landlord and into the pocket of the bank as interest on the mortgage and into the pockets of the maintenance companies maintaining the property and as most rooms are let on an all inclusive basis into the pockets of the council and the gas and electric companies.

    It is not very profitable letting a room out in your house but it can save you quite a lot on your bills when sharing your home with a lodger.

    An average of £60 a week for a room is not very much and anybody in employment can easily afford that without the assistance of HB.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    HappyMJ wrote: »
    If they have no parents then they have nowhere else to live so it won't stop. DC is trying to stop people moving out of the family home until they can afford to.

    I’m not sure where you get that from he said there will be exceptional services such as domestic violence but that is all. People still seem to think that all people claiming housing benefit are not working but plenty of young people who work still need some housing benefit.
  • annie1975_2
    annie1975_2 Posts: 626 Forumite
    ukcarper wrote: »
    I’ve heard a lot about the universal benefit but haven’t seen much detail on how it will be worked out. But I would imaging it must have an element toward housing.

    Personally I don’t think it is fair to remove the benefit from one age group.
    I can’t see how you can defend giving all pensioners WFA and bus passes while at the same time making some under 25s homeless.

    Its like age discrimination isnt it?
    Working tax credits is the same, if you are under 25 you cant get them. I dont think its right..
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    I’m not sure where you get that from he said there will be exceptional services such as domestic violence but that is all. People still seem to think that all people claiming housing benefit are not working but plenty of young people who work still need some housing benefit.
    I've said before it is unlikely that anyone working full time and under 35 will get any help towards housing costs as HB for a shared room averages out at about £60 a week.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    Personally I like the idea in theory, why should young people unable to support themselves expect to be able to secure a flat or similar, placing further burdens on the welfare state.

    I know there are exceptional circumstances, such as bad family situations, young people being made redudant etc but how many of the youngsters today claiming HB can put themselves in to either category.

    I would wager very few percentage wise???
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • Seems like a sensible idea.
    Thinking critically since 1996....
  • If its aimed at targeting the !!!!less then I am all for it
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    HappyMJ wrote: »
    DC is trying to stop people moving out of the family home until they can afford to.
    What if they get married?
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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