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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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Time for the tenant to leave

Parts of UK are Eviction Hot Spots

New research from Shelter highlights the areas of England where people are most at risk of losing their homes.

The charity claims that one in every 111 households is at risk of eviction by either a landlord or mortgage lender, with those living in London most at risk, followed by the residents of Manchester, Slough and Peterborough.

Shelter’s study also reveals clusters of high risk in the North West and the Midlands: Nottingham, Newcastle and Knowsley all have eviction risk rates more than one and a half times the national average.

While urban areas are more likely to have higher rates of eviction risk, rural areas such as West Lancashire and Bedford are also affected, with levels higher than the national average.

Shelter’s chief executive, Campbell Robb, comments: “Shelter research shows that a third of people are already struggling with their housing costs or falling behind on payments. In these unforgiving conditions, it only takes one thing – illness, job loss or relationship breakdown – to lead to things spiralling out of control and into homelessness.”

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