We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Welsh Government Leasing Scheme for rentals.
housebuyer143
Posts: 4,149 Forumite
I saw this pop up as an Ad and I had to look into it. The irony isn't lost on me that the anti landlord policies force many to sell up and now the same government is trying to encourage said landlords to help top up their lack of social housing.
https://www.gov.wales/leasing-scheme-wales
This aside I'm not sure how great this scheme is. You get rent at the LHA and lease your house for 5-20 years. LHA can be quite a few hundred below actual rents, the maintenance that is required is paid by the landlord but dictated by the council and if you have a BTL mortgage I am quite sure you wouldn't be allowed to sign up to the scheme, if for some reason you wanted to.
https://www.gov.wales/leasing-scheme-wales
This aside I'm not sure how great this scheme is. You get rent at the LHA and lease your house for 5-20 years. LHA can be quite a few hundred below actual rents, the maintenance that is required is paid by the landlord but dictated by the council and if you have a BTL mortgage I am quite sure you wouldn't be allowed to sign up to the scheme, if for some reason you wanted to.
0
Comments
-
Doesn`t sound too exciting to be honest, I thought housing benefit used to get the blame for pushing rents UP? I think the reality is that more and more people will avoid BTL meaning even more supply for ordinary buyers.housebuyer143 said:I saw this pop up as an Ad and I had to look into it. The irony isn't lost on me that the anti landlord policies force many to sell up and now the same government is trying to encourage said landlords to help top up their lack of social housing.
https://www.gov.wales/leasing-scheme-wales
This aside I'm not sure how great this scheme is. You get rent at the LHA and lease your house for 5-20 years. LHA can be quite a few hundred below actual rents, the maintenance that is required is paid by the landlord but dictated by the council and if you have a BTL mortgage I am quite sure you wouldn't be allowed to sign up to the scheme, if for some reason you wanted to.
https://propertyindustryeye.com/budget-stamp-duty-hike-on-second-homes-deterring-property-investors/1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.8K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.8K Work, Benefits & Business
- 619.5K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards