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 […]
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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UK Buy-to-Let Needs New Landlords
The demand for rental property in the UK is such that many experts are predicting that as many as 1 in 5 households will be living in rental property as tenants by 2016.
In order for this estimate to be accurate there will need to be an additional 1.1 Million more rental properties made available in the UK private rented sector.
Experienced property investors are expanding their rental property portfolios and the demand for rental property is so strong that many new property investors are being encouraged purchase property for longer term rental yields and become landlords.
UK PRS landlords are reported to control as many as 4.8 Million PRS rental properties throughout the UK, up from the reported 2.5 Million in 2002.
PRS rental properties in London account for 27% of all residential properties while social renting now accounts for just 24%.
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