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Private landlords giving up on Local Housing Allowance schemes

Private landlords giving up on Local Housing Allowance schemes

BDRC Continental is the UK’s largest independent market research agency. Its latest research indicates that changes to LHA payments – which have been applied since 1 April 2011 – will have a significant impact upon private landlords operating in the sector and, quite simply, many will find that the sums just don’t add up any more.

The latest findings from BDRC Continental’s Landlords Panel research reveals that 15 per cent of private landlords say they will stop offering Local Housing Allowance (LHA) tenancies in response to the government’s changes to the way LHA scheme payments are now being calculated.

Source Property Drum

If you are a private landlord in Eastbourne with a portfolio with Local housing now would be a good time to consider coming to an agent, with likely decreases in housing benefits this could affect your returns.

Talk to Martin & co today for a market appraisal on your properties.