| Industry News |
|
| News » Residential Property Law » NLA hits out over benefit rule |
|
06/04/2009
NLA hits out over benefit rule |
|
The way housing benefits are paid is leading to more property investors suffering repossession as they are less likely to receive rental payments, the National Landlords Association (NLA) has argued.
A change that came into force a year ago has seen the local housing allowance (LHA) benefit paid directly to tenants, whereas before there was an option to have it paid direct to the landlord, something the NLA has said led to some people pocketing the cash rather than paying their rent.
This in turn has resulted in increased repossessions for landlords and an NLA survey has found that 52 per cent of its members would not let to tenants on LHA or are less likely to than before.
Landlords keen to establish their rights in relation to tenancies may wish to take legal advice on such matters.
Last month Citizens Advice and housing charity Shelter launched a joint campaign to highlight the risk to tenants of being evicted with little or no notice due to landlords having properties repossessed.
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive