Rent Rises to Be Lower Than Expected

New intermediate rents will be charged at 80 per cent of local housing allowance levels not of open market rent. Chancellor George Osborne last week announced new tenants will be offered rents of 80 per cent of market levels. But it has now emerged rents will be set at 80 per cent of LHA, which will be capped at between £250 and £400 per week depending on property size. This would mean rent increases would be slightly lower than originally expected in some areas of the country. Read more on Inside Housing.