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fru-gal

Barnet Council Wants To Raise Social Rents For Long Term Existing Tenants To 80% Of Market Rent

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Yes following Nearly Legal

@nearlylegal

on Twitter about this.

Council secure tenancies rents are set by the Government (the CPI +1% a year stuff) but scope for the Council to reclassify tenancies (can't do it on existing though)

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Tory's plan to drive a coach and horses through the social housing model. It will of course cost Barnet more but that will be a small price to pay for political ideology. The plan will be to make the entire social housing stock 'affordable' which of cours emeans affordable to bankersb but not for existing tenants. Great quote:

Lets talks some numbers.

15,000 or so properties and typical average turnover is 7% (avg 14 year SRS tenancy length) so Barnet looking to apply this to 1070 tenancies in Year 1, 2140 in Year 2, 3210, in Year and so on.

In Barnet we see from Statistical Data Return that HAs there which operate AR such as Network HA moved their 2 bed rent from £119 per week to £232 per week. Lets assums that the average and assume that Barnet Council properties ALMO Barnet Homes has 2 bed rent of £110 which moves to £230 per week - or £6240 per year rent increase on 1070 tenancies or about a £6.67m increase per year and £13.35m in Year 2 and £20m in year 3 and so on.

£230 pw rent for a 2 bed and given benefit cap wanting to be reduced to £440 per week presents huge problems for whom can be housed in Barnet and who Barnet can afford to house.

£440 rent cap take off the welfare benefit and child tax credits for a 2 person 32 child household of £261.66 and this leaves £178.34 as the maximum to be received in HB yet the rent is now £50 per week more than this and so unaffordable for the tenant and too financially risky for landlord. So Barnet cannot afford to house any new household larger thaan a single parent with 2 children (£221 pw leaving £219 for rent)

However as we see above IH prefer to go down the legal route with this story despite being told accurately that this can only apply to new tenants not existing ones and miss the key point that a couple with 2 children cant afford a council house rent in Barnet due to these mindblowingly stupid proposals should they have the misfortune to come out of work. God forbid the couple with 21 child and the wife gets pregnant - nice choice there then - abort and keep the roof over your head or...

The minute one council landlord does this -even for new tenants alone - the rest will follow and RIP the social housing model and welcome to homeless costs of temporary housing - a huge problem in Barnet as their minutes show will go through the roof and cost them far more. Do any of these Tories in local government have the ability to think or are they just after personal political advancement in political terms and to hell with the local residents they shaft?

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If it's not the market rate it's not social housing...

I'm sure some properties are in areas that are dumps just what should the market rate be for such a location?

http://www.dailymail.co.uk/news/article-2008976/John-Dinsdale-sells-house-10-000-Cheapest-Britain.html

For example what should the market rate be for here?

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Tory's plan to drive a coach and horses through the social housing model. It will of course cost Barnet more but that will be a small price to pay for political ideology. The plan will be to make the entire social housing stock 'affordable' which of cours emeans affordable to bankersb but not for existing tenants. Great quote:

But if it's not legal, how do they think they will do it? I don't understand?

Also, I thought all councils were already letting new social housing at 80% of market rent?

Edited by fru-gal

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So what are they going to do in the big housing crash reduce tenants rents to make them marketably valued?.

Will I have to pay fortunes for my little box because the pr**t over road paid two million for his

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But if it's not legal, how do they think they will do it? I don't understand?

Also, I thought all councils were already letting new social housing at 80% of market rent?

Depends where you are. If social rents were 80% of market where I live I'm due a £15 a week rent cut (preferably backdated) :lol:

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Depends where you are. If social rents were 80% of market where I live I'm due a £15 a week rent cut (preferably backdated) :lol:

Why not move if you are paying too much rent? Unless you think that £15 per week is worth the security.

Of course if the council is making money out of social housing, they should build more and make more money.

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Barnet council should do more about the over 3,500 ( as of a FOI requiest in 2011) empty properties it has, this is about profiteering from the vulnerable, nothing more.

Classify it as 'low demand.' Demolish to preserve the 'false scarcity' business model and/or force up rents to encourage sale to private developers

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Barnet council should do more about the over 3,500 ( as of a FOI requiest in 2011) empty properties it has, this is about profiteering from the vulnerable, nothing more.

Social housing empty properties or just empty properties?

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