Tuesday, 19 April 2011

Tenants Facing Tough Times Ahead

As of April 1, the Government introduced many changes including absolute caps for Local Housing Allowance weekly rates, affordable rents at up to 80 per cent of market value and the end of guaranteed ‘lifetime tenancies’.
Other measures introduced as of April 1 include:
● Ending the maximum £15 weekly Housing Benefit excess that some customers can receive under the Local Housing Allowance arrangements,
● Removing the five bedroom Local Housing Allowance rate so that the maximum level is for a four bedroom property
● Reducing all Local Housing Allowance rates so that about 3 in 10 properties for rent in the area should be affordable to people on Housing Benefit rather than every 5 in 10 properties as now,
● Introduction of New Homes Bonus scheme to incentivise councils to build – the Government will match the council tax collected on new homes for the first six years.
Read more on 24dash.

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