Currently viewing the tag: "benefit"
Landlords Warned To Get Ready For Universal Credit

Landlords Warned To Get Ready For Universal Credit  Chaos!

National Universal Credit Roll-Out
Starts February 2015 

Department of Work and Pensions (DWP) Secretary, Iain Duncan Smith surprised commentators with an announcement that Universal Credit (UC) will be rolled out to all Jobcentres and local authorities in the UK by February 2015 following the apparent success of the pilot scheme that was originally trialled in the North West.

Many Universal Credit detractors predicted that nothing significant would happen, before next year’s General Election, however, Iain Duncan Smith stunned everyone by announcing that Universal Credit will be rolled out to all Jobcentres and local authorities across the country, starting February 2015.

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Mystery Of Missing £400,000 Housing Benefit Payments

Mystery Of Missing £400,000 Housing Benefit Payments

R2R Company Owes Landlords £400,000 Housing Benefit Payments

Around £400,000 (GBP) in housing benefit payments have mysteriously disappeared after being paid to London Housing Solutions one of London’s biggest property agents, who specialise in letting property to tenants claiming benefits, Channel 4 News have revealed.

Channel 4 News attempted to trace both the present and former directors of the company, who admitted that the money had gone astray, but neither would accept responsibility for its disappearance.

Local Housing Solutions, an offshoot of London Housing Solutions, who until recently shared offices and staff in Catford also denied benefiting from the missing payments.

Channel 4 News understands at least 100 private rented sector landlords are owed rent by London Housing Solutions and the tenants spoken to by Channel 4, fear eviction as a result of the non payments.

The two rent 2 rent companies were originally set up by Keith MacGregor, who failed to respond to Channel 4 News’ accusations.

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Landlords may avoid LHA tenants in future

Benefit Cuts To Make 40,000 Homeless

PRS Landlords Urged Not To Refuse
Housing Benefit Tenants

Following the decision by UK mega landlord, Fergus Wilson to evict benefit tenants from his rental properties, a campaign group has called on landlords with rental properties in the private rental sector not to discriminate against tenants on benefits.

Dan Wilson Craw, a spokesperson for poverty charity ‘Priced Out’, said such action could make people who need benefits unwilling to claim them due to fear of losing their home, meaning they could fall further into poverty, stating: “This is just one symptom of a wider housing market that is simply not working in the consumer’s interests”. The charity chose to discuss the issue with the Guardian newspaper, after the broadsheet featured the announcement by Fergus Wilson, who owns around 1,000 rental properties in Kent, after he had taken a drastic course of action to evict all tenants claiming benefits and instructed his appointed letting agents not to accept any further applications from prospective tenants who receive housing benefits due to the high number of tenants claiming local housing allowance (LHA) who had fallen into rental arrears. 

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What's Stopping You Achieving Your Property Goals?

What’s Stopping You Achieving Your Property Goals?

Learn How To Achieve All Your Property Goals!

There are many paths that people can follow in order to reach their property goals, but do you know which is the right one for you?

  • Do you follow your instincts?
  • Do you follow the same path as others without knowing what the outcome will be?
  • Do you want success but don’t understand how to reach it?

Would you like to find out how you can achieve all of your property goals?

Click here to watch a short video.

Have you ever wondered why some people are incredibly successful property investors whilst some
people just can’t seem to get it to work for them? There are any number of driving forces behind a person’s desires, but what are the best ways to achieve success?

To be a successful property investor you need 3 key elements:

1. Specialist Knowledge
2. Mindset and Belief
3. Support

There are plenty of ways to acquire specialist knowledge,  and there are even ways of gaining support on your property journey, but people find that they struggle to get themselves in the correct mindset mainly because of an unsupportive environment.

At lease that was the case until now!

On Sunday 19th January 2014, founder of the Property Investors Network (PIN), top UK property educator and best-selling author of “Property Magic”, Simon Zutshi, is running a one off,  one-day seminar in Birmingham specifically designed to help aspiring property investors develop a winning mindset to achieve their property goals or anything else that they desire.

This is not a gimmick or paltry excuse to make people part with money, this is a unique opportunity to understand a vital element that can make the difference between success and failure for many property investors.

There is a cost involved to attend the live event, but if property investors don’t invest in themselves and their education, they are already on the way towards failure.

Don’t become a sad statistic, take action and make it positive!

Click here to find out more!

Without the correct mindset, many would-be property investors, struggle, flounder, give up and go under because they weren’t mentally ready for the perils and pitfalls of their property journey and they were not prepared for the mental stress that can go with property investing.

Don’t worry if you can’t make it to Birmingham on the 19th January, this inspirational one-day seminar is also going to be streamed live on the Internet to maximise the benefit to property investors who want to achieve their property goals, more details in the video.

Click here now to watch a short video from Simon who will explain what the day is all about and how you as a property investor can benefit from it.

We are sure you will find this unique opportunity really useful and we will be watching the live stream with a great deal of interest and we will be taking plenty of notes during the day as there will be some incredibly valuable nuggets of information that Simon will be sharing.

This is a unique opportunity for property investors to have a sneak preview behind the scenes of Simon Zutshi’s highly successful Property Mastermind Programme.

We highly recommend you take this golden opportunity and learn from this unique behind the scenes experience because it will help you acheive your property goals!

Click here now for more details

MP’s Claim Universal Credit Is Another Government White Elephant

MP’s Claim Universal Credit Is Another Government White Elephant

Universal Credit Roll-Out faces major delays

The current Local Housing Allowance (LHA) benefit system is likely to continue until at least 2017 for the majority of private rental sector (PRS) landlords and tenants in most of the UK, following major delays to the roll-out of the new Universal Credit system.

Universal Credit was originally due to be rolled out nationally to all new tenants claiming benefits from October this year, however due to continued problems, the controversial welfare reform measure will just be extended to an additional six jobcentres.

The delay is being blamed on poor IT by Government ministers, leading to claims that Universal Credit is just another Government white elephant.

Universal Credit was heralded by its proponents as an easier way to deliver state benefits including housing benefit or LHA and tax credits into one lump sum paid monthly to claimants, but its proposal saw an immediate backlash from PRS landlords, letting agents and landlord associations over the abolition of direct rent payments to landlords.

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Uncertainty Remains Over Recovery Of Universal Credit Rent Arrears

Uncertainty Remains Over Recovery Of Universal Credit Rent Arrears

The UK Government are to introduce a mechanism to automatically recover rent arrears, alongside the direct payment of housing benefit to tenants.

Details released last week by the government explained that under the welfare reforms landlords will now be able to contact the Department for Work and Pensions (DWP) to request Universal Credit benefits designed to cover housing costs of tenants are paid to them once a prescribed level of rent arrears have been reached.

At this point the DWP will recover the arrears by docking universal credit payments to tenants.

In its response to a Communities and Local Government (CLG) select committee report on the implementation of universal credit, the government says deductions can be up to 5% under existing legislation, but the government are considering whether this level of deduction is appropriate for tenants claiming universal credit, or if it should be increased in the future.

Under the new universal credit scheme, which is being rolled out nationally in the UK from autumn 2013, a range of benefits, including Housing Benefit (HB) or Local Housing Allowance (LHA), will be combined into a single monthly payment termed “Universal Credit”.

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Landlords Still Concerned About LHA Tenant Rent Arrears

Landlords Still Concerned About LHA Tenant Rent Arrears

LHA Tenant Rent Arrears
Are Landlords Worse Case Scenario

The UK private rented sector may be booming and tenant demand is certainly strong but 60% of landlords and letting agents are still concerned about ever receiving the rent if they choose to accept tenants in a rental property who are claiming Local Housing Allowance.

A survey of 500 landlords and letting agents by website Dssmove found that apart from the rent issue, 75% of landlords and agents would be more than happy to let to Local Housing Allowance tenants.

Over half of the landlords and letting agents surveyed believed that tenants claiming Local Housing Allowance are no more troublesome than working tenants, but 61% cite rent collection and rent arrears as a major concern.

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Direct Payment Of Universal Credit Can Be Made To Landlords with Tenants in Arrears

Direct Payment Of Universal Credit Can Be Made To Landlords with Tenants in Arrears

The Government’s change of policy will now allow automatic direct payments of housing benefit to landlords providing the tenant is more than 8 weeks in arrears.

The government rethink has been welcomed by the Residential Landlords’ Association (RLA) and all UK landlords who house tenants in receipt of housing benefit.

Yesterday was the day the Government’s first flagship universal credit pilot scheme went live in Ashton-under-Lyne, Greater Manchester, and a circular to all housing benefit staff revealed that automatic direct payments to landlords will now be allowed in the pathfinder areas.

The policy change was tucked away on the last page of an obscure circular published by the Department of Works and Pensions (DWP) yesterday. Universal credit expert and RLA trainer, Bill Irvine, spotted it and immediately informed the RLA.

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Two Day HMO and LHA Presentation with Arsh Ellahi

Arsh Ellahi

Hi all, Arsh Ellahi here!
People often ask me about how I set up my HMO’s (Houses of Multi Occupancy) so my tenants pay all outgoings such as Council Tax, Water Rates, Electricity and Gas (where applicable). It may seem surprising to some that my only outgoing for a HMO property is merely the landlord’s supply, which pays for the communal lighting and fire alarms.

With this in mind I am holding a 2 day course which will assist you in maximizing your income from your HMO properties and LHA Tenancies. Not paying large utility bills will form part of the course alongside other essential hints and tips from a Landlord with a wealth of HMO experience.

Day 1 Saturday 20th April 2013 – This day will consist of a visit to 4 high cash generating HMOs in which tenants are responsible for their own utility. See a successful HMO in action!

Day 2 – Sunday 21st April 2013 LHA Masterclass– How to skyrocket your cashflow without converting to HMOs

Find out more details and book onto this course by clicking the link below:
www.arshellahi.com/web/ae-events

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Landlords Urged Not To Discriminate Against Benefit Tenants

According to fresh research from the National Housing Federation, (NHF) there has been a 417,830 rise in the number of social (council) housing tenants over the past three years.

It has coincided with a significant decline in the number of landlords willing to let properties to tenants receiving housing benefit following the Government’s welfare reform and cuts to Local Housing Allowances (LHA), paid to tenants in private rented sector (PRS) accommodation.

Both the Residential Landlords Association (RLA) and the National Landlords Association (NLA) have already reported that many landlords have already withdrawn from the LHA market or are planning to do so.

This is a short sighted knee-jerk reaction as landlords fear losing out on healthy rental returns if they are housing tenants claiming housing benefit.

The LHA rate may have been capped but the government insist that such measures are necessary to help preserve the economy of the UK. Landlords can ask tenant’s to pay top up’s on their monthly rental which could come from the (up to) £25,000 worth of other benefits claimed by families.

It is almost as though the current Con-Dem coalition Government want to put private rented sector landlords out of business by squeezing from both ends, the difficulty in obtaining mortgages or even being able to re-mortgage and limiting the pool of potential tenants to only those who are employed earning enough to be able to afford to buy property themselves.

Is it the government’s big idea to get all benefit tenants to only live in social housing?

If that’s so then why continue to sell off social housing stock when there is already a national housing shortage?

Are all departments within government mute, or just stupid, do they not share information with each other?

Private sector landlords are in danger of being put out of business by the Government, we need to do something about it!

 

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