A little time bomb under UK buy-to-let housing - Maybe

Generali

There you go.

I definitely know one of them. I also know someone with a council flat in the City. (Golden Lane is just outside). Now there aren't many of them! This is an actual council flat, not RTB or Grace and Favour.

antrobus

Generali wrote: »

There you go.

I definitely know one of them. I also know someone with a council flat in the City. (Golden Lane is just outside). Now there aren't many of them! This is an actual council flat, not RTB or Grace and Favour.

There must be. There are 997 tenants in the socially rented sector claiming HB in the City.

purch

antrobus wrote: »

I'll raise that to 32.51% in November 2014.

Based on who my Brother in Law rents to, you may be just about spot on.

IveSeenTheLight

antrobus wrote: »

Everything you always wanted to know about HB, but were too afraid to ask.

https://www.gov.uk/government/statistics/number-of-housing-benefit-claimants-and-average-weekly-spare-room-subsidy-amount-withdrawal

Many Thanks.

So the figures show 30,271 Private Regulate Tenants out of a total of 4,884,965 receiving Housing Benefit or 0.62%

Generali

antrobus wrote: »

There must be. There are 997 tenants in the socially rented sector claiming HB in the City.

In the City or renting Corporation of London flats?

antrobus

IveSeenTheLight wrote: »

Many Thanks.

So the figures show 30,271 Private Regulate Tenants out of a total of 4,884,965 receiving Housing Benefit or 0.62%

Private Regulated Tenants are those tenants with pre Housing Act 1988 tenancies subject to a fair rent/secure tenancy as per RA 1977. It's the 1.5m Private Deregulated Tenants that you need to focus on.

cells

mwpt wrote: »

"26% of households in London received housing benefit in 2012"

It may not be you, but somewhere, BTLers are letting housing to people receiving housing benefit. Supply/Demand equation is changed if you remove money from the demand side.

Over 20% of the housing stock in London is council/social

antrobus

Generali wrote: »

In the City or renting Corporation of London flats?

Don't know.

Stats are simply 'by local authority'. There is no indication whether that means 'resident in that local authority' or 'resident in a property owned by that local authority but located somewhere else'. (I'm aware that the City of London has estates elsewhere in London.)

Generali

antrobus wrote: »

Don't know.

Stats are simply 'by local authority'. There is no indication whether that means 'resident in that local authority' or 'resident in a property owned by that local authority but located somewhere else'. (I'm aware that the City of London has estates elsewhere in London.)

The Corporation has a handful of flats in The Barbican and is also the freeholder. The rest are Golden Lane (mostly privately owned) and then on the Old Kent Road and up on the Holloway Rd.

ruggedtoast

The idea of buy to let landlords wailing and gnashing their teeth in woe, lamentation and despair, makes me tremble with orgasmic excitement.