Jump to content
House Price Crash Forum


New Members
  • Content Count

  • Joined

  • Last visited

About adiep

  • Rank
    HPC Newbie
  1. To the original poster, if you know the address, look up how much was paid by the current owner.
  2. For those still interested in this cap, there's an "explanatory memorandum" from the dep of work and pensions available here http://www.housepricecrash.co.uk/forum/index.php?showtopic=145609&st=255 Looks like there is some £15 excess that has been paid in the past and will now be removed, this alone is expected to save around £500m a year in 2013. What a disgraceful waste of taxpayers money...
  3. All you can say to that is... BRILLIANT!!! Let em sod off to Wales or some place where houses are cheap and there's a need for cheap workers.
  4. from an FT article Benefit cuts risk to London households By Jim Pickard, Political Correspondent Published: September 21 2010 23:24 | Last updated: September 21 2010 23:24 Up to 82,000 households in London are at risk of losing their homes as a result of the government’s imminent cuts to housing benefit, according to analysis by a group representing the capital’s 33 local authorities. A survey of hundreds of landlords by London councils, seen by the Financial Times, suggests that few will cut their rent for those tenants who can no longer afford to pay. That could mean large numbers of families forced to find cheaper accommodation elsewhere, the group says. “The cuts will have an immediate impact on inner London boroughs which will essentially become no-go areas for anyone on housing benefit,” it says in a report published on Wednesday. That could put pressure on outer suburbs of the city, which would see thousands of incomers needing schools, public transport and other services, according to the report. The survey finds an unyielding attitude among landlords letting to benefit recipients, with 60 per cent saying they will not reduce their rent even a small amount. More than 90 per cent say they will evict any tenant failing to keep up with payments by more than £20 a week – either immediately or by not renewing the tenancy. Changes to local housing allowance were announced in George Osborne’s June Budget and are expected to save £1.8bn a year from Britain’s annual benefits bill of £21bn. From April, the maximum weekly rate payable will be capped at £250 for a one-bed home or £400 for a four-bed property. From October 2011, the method of calculating the benefit will change, from the 50th percentile of the market to the 30th percentile, reducing the number of properties eligible for claiming. Many tenants will also lose out from the removal of a £15 weekly housing benefit “excess” paid to those who find cheaper properties. When justifying the move, ministers cite figures showing that some families receive up to £100,000 a year. Those examples have since been shown to be extreme instances rather than the norm, however. London Councils reaches its figure of 82,000 evictions by applying the probability of eviction, based on its survey results, to data from the Department for Work and Pensions. It presumes, however, that those families receiving the benefit will not be able to make up the shortfall, which might turn out not to be the case. But the group says: “Housing benefit is means-tested, so it is not as if these are people with spare income swilling about.” Campbell Robb, chief executive of Shelter, says the research undermines ministers’ “baseless as-sumption” that landlords will lower rents to keep tenants. The housing charity chief adds: “We are extremely concerned that so many of London’s landlords say they will evict tenants who fall into arrears, while some will stop renting to local housing allowance claimants altogether. This will not only make it even more difficult for claimants to find a place to live, but will add to the already significant levels of homelessness and overcrowding in this city.” The DWP says it is right for ministers to reform an “out of control” system that traps people in a cycle of dependency. “It is not right that some families on benefits were able to live in homes that hardworking families could not afford,” it says. “We are absolutely committed to supporting the most vulnerable and have tripled our discretionary housing payments to provide a safety net.” Both Shelter and London Councils are urging the government to pay the local housing allowance directly to landlords rather than tenants, which would be likely to persuade many to remain in the market.
  5. So, if many of these bums are going to be hoofed out, what are the chances that some of the areas in London might see an upgrade in the quality of humans, areas like Streatham where properties are good value, but not known as great areas.
  6. The majority of London landlords would evict tenants if they underpaid their rent by more than £20 a week because of benefit cuts. http://www.insidehousing.co.uk/news/housing-management/eviction-threat-for-82000-london-homes/6511817.article Tough talk..
  7. So according to the Guardian, the Department of Works and Pensions have carried out an impact assessment of the HB Cap and expect 100,000 homes to be affected. Presumably the majority of these households will be in Greater London, as it difficult to imagine £400 a week not being able to house a family in considerable luxury outside of the capital. The largest impact is expected to come in October 2011, when HB is to be determined by the lowest 30% range of basket of rents in the local area. So, HB renters have over 1 year to sort themselves out. http://www.guardian.co.uk/politics/davehillblog/2010/sep/20/department-work-and-pensions-assessment-of-housing-benefit-cuts-in-london Personally, I think its the sort of thing we all voted Tory for. I for one am sick of spongers leading a life that your average tax payer cant afford. Well done Osbourne and co ! The working man thanks you, lets have more of it !
  8. Dragging up this post from an old thread... That same property is STILL for sale and epitomises the Spanish property market. Three years on it still hasnt sold and has been reduced by a mere 10k euros. The Spanish just dont know about dropping prices to sell, its not a concept that they are familiar with and i think it also shows that there really is very little labour mobility in Spain. Or, perhaps this is actually owned by the bank...
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.