Wednesday, September 15, 2010
Fear & uncertainty stalk the land, like two giant stalking things
Nine out of 10 landlords would be less likely to rent their properties to tenants receiving housing benefit if proposed cuts are introduced, a survey has found. The Government plans to cap the local housing allowance (LHA) at 30% of average local rents, with future increases linked to the Consumer Price Index, rather than the Retail Price Index which tends to be higher. But 90% of landlords questioned by the National Landlords Association (NLA) said they would be less likely to take on tenants receiving the benefit if the cap went ahead. Nearly half of those questioned also said they could not afford to reduce the rents they charged in line with the cuts in order to keep existing LHA tenants. A further two-thirds of landlords said they were unsure what impact the reforms would have.