LHA rates?

Johnm2019

Good evening,

We currently rent in Southend, our LHA rate is £795. Our rent is £850. We have 2 children under 5.  

I am confused with the announcement of the 30th percentile rent.

Is there any figures of what the new LHA rate will be? 

Would be incredible news if our £850 would be completely covered from April next year.

Thank you,

Spoonie_Turtle

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

EDIT:  Sorry, I thought you said Scotland - and it turns out they're all this year's rates anyway.  *facepalm*

poppy12345

Spoonie_Turtle said:

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

That's for Scotland, OP says they live in Southend.

Yamor

30th percentile in 2023 was £824.99 for Southend 2-bed.

Figures for 2024 have not been published yet, but are likely to be higher.

Spoonie_Turtle

poppy12345 said:

Spoonie_Turtle said:

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

That's for Scotland, OP says they live in Southend.

Oh my goodness, I totally misread that! 

And it turns out they're 2023/24 rates as well, which is no help.  I did think it odd that they'd been published already.

Sorry OP!

PinstripePhantom

Spoonie_Turtle said:

poppy12345 said:

Spoonie_Turtle said:

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

That's for Scotland, OP says they live in Southend.

Oh my goodness, I totally misread that! 

And it turns out they're 2023/24 rates as well, which is no help.  I did think it odd that they'd been published already.

Sorry OP!

Tbf I also read Scotland 😂

I too am confused about what 30th percentile even means.

Alderbank

Southend is a lovely wee town on the Kintyre peninsula in the county of Argyll and Bute. I am envious of anyone lucky enough to live there.

Do you also have a Southend down south in England?

Murphybear

Alderbank said:

Southend is a lovely wee town on the Kintyre peninsula in the county of Argyll and Bute. I am envious of anyone lucky enough to live there.

Do you also have a Southend down south in England?

According to my Ordnance Survey map app there are 10 Southends, 8 in England and 2 in Scotland.

Jyana

PinstripePhantom said:

Spoonie_Turtle said:

poppy12345 said:

Spoonie_Turtle said:

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

That's for Scotland, OP says they live in Southend.

Oh my goodness, I totally misread that! 

And it turns out they're 2023/24 rates as well, which is no help.  I did think it odd that they'd been published already.

Sorry OP!

Tbf I also read Scotland 😂

I too am confused about what 30th percentile even means.

30th percentile means they look at the rent prices for each area, and then use the lowest 30% of current rent prices as an average on what to use as payment for the housing supplement.

Yamor

Jyana said:

PinstripePhantom said:

Spoonie_Turtle said:

poppy12345 said:

Spoonie_Turtle said:

This might be it https://assets.publishing.service.gov.uk/media/646f73857dd6e7000ca9b3e0/scotland-rates-2023-to-2024.csv/preview

That's for Scotland, OP says they live in Southend.

Oh my goodness, I totally misread that! 

And it turns out they're 2023/24 rates as well, which is no help.  I did think it odd that they'd been published already.

Sorry OP!

Tbf I also read Scotland 😂

I too am confused about what 30th percentile even means.

30th percentile means they look at the rent prices for each area, and then use the lowest 30% of current rent prices as an average on what to use as payment for the housing supplement.

Actually slightly different.

They line up a list of rental costs from low to high, and the rental cost which is 30% of the way through the list is the LHA rate. Effectively, given the LHA rate, you should be able to afford 30% of all rental properties in the local area for that amount of bedrooms.

scottleag

Yamor said:

30th percentile in 2023 was £824.99 for Southend 2-bed.

Figures for 2024 have not been published yet, but are likely to be higher.

Is there a source for figures nationwide? No amount of Google permutations has allowed me to find one yet.