We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Housing benefit reforms really this much of a problem?

13567…13

Comments

  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    ukcarper wrote: »
    LHA is paid to tenant except in exceptional circumstances and I believe UC will be the same so I can't understand the landlords point.

    Not sure that is correct, unless things changed recently. We had a tenant on HB and it was paid to us, we had a choice where it was paid
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Going4TheDream wrote: »
    Not sure that is correct, unless things changed recently. We had a tenant on HB and it was paid to us, we had a choice where it was paid

    http://www.rla.org.uk/landlord/local_housing_allowance_is_changing_from_1st_april_2011.shtml
  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    ukcarper wrote: »
    http://www.rla.org.uk/landlord/local_housing_allowance_is_changing_from_1st_april_2011.shtml

    thanks, was before then
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • ILW
    ILW Posts: 18,333 Forumite
    makeyourdaddyproud wrote: »
    It is a problem because the delicate earnings cash flow is disrupted prompting voids in the revenue. This could make or break the profit on a single property if it is highly leveraged.

    Please think before posting.
    He does not have a single property, he has 800. Unless they were all bought in the last few years there should be plenty of spare cash flow due to lower than expected interest rates.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    ILW wrote: »
    He does not have a single property, he has 800. Unless they were all bought in the last few years there should be plenty of spare cash flow due to lower than expected interest rates.

    Exactly.

    And if he is smart, he will arrange things so that money is coming in all the time.

    In my view he has less exposure than a landlord with 5 properties, where one non-payer can have a much greater disruptive influence.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ILW wrote: »
    He does not have a single property, he has 800. Unless they were all bought in the last few years there should be plenty of spare cash flow due to lower than expected interest rates.

    Perhaps not if he is has financed rapid expansion by regularly refinancing.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • crash123
    crash123 Posts: 399 Forumite
    If the tenant is in arrears you can apply to the local authority to have the rent paid direct to you.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    I have to disagree. It appears this is what you want the "story" to be or how you have read it and imagined it to be. .

    Crikey.

    Having a comprehension problem are you Dev?

    A private sector landlord with more than 700 homes says benefit changes could put his business at risk.

    Carmarthenshire-based Kevin Green fears tenants will fall behind on their rent when a new system of paying benefits is introduced.

    I don't need to "imagine" anything.

    It says it right there in black and white.

    It is you that has "imagined" this story is about something else.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • ILW
    ILW Posts: 18,333 Forumite
    grizzly1911 wrote: »
    Perhaps not if he is has financed rapid expansion by regularly refinancing.
    Not sure that universal benefits is there to keep businesses that have made poor choices in profit.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    crash123 wrote: »
    If the tenant is in arrears you can apply to the local authority to have the rent paid direct to you.

    That's the case with LHA and AIU it's the same with UC
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture