LHA guaranteed to cover at least 30% of market rents

by Property 118

9:59 AM, 23rd March 2020
About 6 months ago

LHA guaranteed to cover at least 30% of market rents

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LHA guaranteed to cover at least 30% of market rents

The NRLA are welcoming the Chancellor’s package of measures to support people’s incomes during the Coronavirus outbreak.

The Residential Landlords Association and the National Landlords Association are pointing especially to the decision to ensure the Local Housing Allowance is guaranteed to cover at least 30% of market rents in a claimant’s area as a vital measure to support tenants and landlords. Combined with grants to cover up to 80% of wages, where workers are retained but are unable to work, this package will go a long way to sustain tenancies.

In a joint statement, the RLA and the NLA said:

“We warmly welcome today’s announcement by the Chancellor. It will give tenants and landlords much greater confidence that rents can be paid through the ongoing crisis which is clearly preferable to deferring rents through rent payment holidays.

“We will continue to work constructively with the Government to ensure everything possible is done to support tenants and landlords through these difficult times.”



Comments

Mick Roberts

17:14 PM, 29th March 2020
About 6 months ago

I have theories to why he's done this.

It's been far too low with the benefit freeze since 2016 as we know.

He can now please the benefit tenants & get some votes off them without cheesing off the workers who don't like benefit tenants, saying they need help cause of the Coronavirus.

Also we got 500,000 working Let's call 'em posher people coming onto benefits Universal Credit LHA. And once they received the 'rent' Housing Element part, they'd say What u having a laugh, How can I pay my rent out that pittance. They'd kick up a fuss, complain more than the existing UC tenants & the Media would pick up on that much more. Hence he had to act as to not be seen to be too cruel cause we all know for last 5+ years, benefit tenants haven't been able to afford the cheapest houses almost anywhere.


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