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New LHA Rates for 2014 -2015 Published

New LHA Rates for 2014 -2015 Published

Local Housing Allowance (LHA) Rates Change In April

Every year the Government publish Local Housing Allowance (LHA) rates that are periodically reviewed and payment levels in some UK regions may change without notice.

The April 2014 – March 2015 LHA rates have now been published and the revised list makes interesting reading for landlords and letting agents who are willing to accept tenants claiming benefits.

UK private rental sector landlords are able to ensure rental property profits by allowing their properties to be let to tenants claiming housing benefit (HB), with local authority rental payments exceeding buy-to-let mortgage payments.

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After opening 37 bank accounts using in excess of 23 aliases, Damien Martin James succeeded in fraudulently obtaining more than £64,000 from different High Street banks and mortgage lenders.

James, originally from Somerset, acquired a £250,000 mortgage from a High Street bank and opened accounts with Royal Bank of Scotland, HSBC and Lloyds TSB using several different passports.

The Bournemouth Echo reported that James had fallen into mortgage arrears and had overdrafts ranging from £246 to £3,944. Whilst sentencing, Judge John Harrow said in court: “You are a thoroughly dishonest man. You gave false details to the Chelsea Building Society to gain £211,000, fell into arrears and the property had to be sold and there was a loss to them of £60,000.”

James pleaded guilty to 10 counts of fraud and was imprisoned for four years and two months.

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