Guaranteed Rental Return | Reforms ''mean less affordable housing''
http://bit.ly/VC4OLJ
Guaranteed Rental Return | Reforms ''mean less affordable housing'' 3Let work hard to deliver the best property management service. We work closely with our landlords and tenants to deliver a personal service tailored exactly to their needs. Guaranteed Rental Return | Reforms ''mean less affordable housing'' Guaranteed Rental Return Reform of the housing benefit system could see a shortage of affordable housing in nearly 50 per cent of England's local authority areas, the National Audit Office (NAO) has said in a report. Looking at how the Department of Work and Pensions is going to tackle the significant challenge of implementing the reforms, the NAO said there could be negative effects of cutting local housing allowance rates for private rented sector claimants and reducing payments to social sector tenants in under-occupied homes. Guaranteed Rental Return Under the reforms, around 2m households will receive lower benefits and a smaller number will get substantially less. Claimants with large numbers of children and those living in areas of high rent such as London will be most affected. These changes could lead to hardship or an increased risk of homelessness, the NAO warned, adding that surveys of private rented sector tenants found that 87 per cent knew little or nothing about the changes that would affect them. Uprating local housing allowance by the consumer price index rather than local rent inflation could put pressure on the supply of affordable local housing, the NAO said, and the speed and extent of shortfalls could be significant. Downward pressure on rents or increased employment would mitigate the impact but NAO analysis has concluded that 48 per cent of local authority areas in England could face shortfalls by 2017. Guaranteed Rental Return Guaranteed Rental Return NAO head Amyas Morse said: "The department is working to manage the introduction of the housing benefit reforms, but their full impact is currently uncertain and depends on how households and the housing market react, locally as well as nationally. "Some challenges cannot perhaps be planned for: where the interaction of local authority funding constraints, the social housing stock, rental market conditions and the local economy produces extreme impacts. As issues emerge, the department will need to be capable of a flexible response, well-coordinated with other sources of support for claimants." View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
http://bit.ly/VC4OLJ
Guaranteed Rental Return | Reforms ''mean less affordable housing'' 3Let work hard to deliver the best property management service. We work closely with our landlords and tenants to deliver a personal service tailored exactly to their needs. Guaranteed Rental Return | Reforms ''mean less affordable housing'' Guaranteed Rental Return Reform of the housing benefit system could see a shortage of affordable housing in nearly 50 per cent of England's local authority areas, the National Audit Office (NAO) has said in a report. Looking at how the Department of Work and Pensions is going to tackle the significant challenge of implementing the reforms, the NAO said there could be negative effects of cutting local housing allowance rates for private rented sector claimants and reducing payments to social sector tenants in under-occupied homes. Guaranteed Rental Return Under the reforms, around 2m households will receive lower benefits and a smaller number will get substantially less. Claimants with large numbers of children and those living in areas of high rent such as London will be most affected. These changes could lead to hardship or an increased risk of homelessness, the NAO warned, adding that surveys of private rented sector tenants found that 87 per cent knew little or nothing about the changes that would affect them. Uprating local housing allowance by the consumer price index rather than local rent inflation could put pressure on the supply of affordable local housing, the NAO said, and the speed and extent of shortfalls could be significant. Downward pressure on rents or increased employment would mitigate the impact but NAO analysis has concluded that 48 per cent of local authority areas in England could face shortfalls by 2017. Guaranteed Rental Return Guaranteed Rental Return NAO head Amyas Morse said: "The department is working to manage the introduction of the housing benefit reforms, but their full impact is currently uncertain and depends on how households and the housing market react, locally as well as nationally. "Some challenges cannot perhaps be planned for: where the interaction of local authority funding constraints, the social housing stock, rental market conditions and the local economy produces extreme impacts. As issues emerge, the department will need to be capable of a flexible response, well-coordinated with other sources of support for claimants." View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
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