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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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The violent scenes of anarchy and destruction seen on the streets of some of England’s larger cities including London, Manchester, Birmingham in August this year, caused Millions of Pounds worth of collateral damage.

In the nations capital it was estimated that over £200 Million pounds worth of damage was caused in 5 days of trouble, affecting property owners, landlords and tenants.

Landlord, investor and UK networking event organiser Julie Ford, from the Hemel Landlord & property network group takes a look at the real cost for landlords and tenants.

Read the full article here

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