Mortgage Lenders and Insurance Companies Refuse Lets to Housing Benefit Tenants

Just to make things extra difficult for people who are on housing benefit, there are still some mortgage lenders and insurance companies who actually do not allow private landlords to let to tenants who are dependent on housing benefit. So, if their landlord has a mortgage on the property, (and it is more than probable he has), he may not be allowed […]

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About Turn on Universal Credit Payments is Coming

David Lawrenson of www.LettingFocus.com says that among the mandarins at the DWP, the penny may be finally dropping about Universal Credit Housing Benefit payments. Here, he proposes a more sensible alternative. It’s Groundhog Day all over again. You may remember the famous film starring Bill Murray about a TV weatherman who was forced to relive a single day until he […]

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Mortgage Loans and Housing Benefit and Why a Selective Approach is the Better Option

David Lawrenson of www.LettingFocus.com observes the latest mortgage lender U turn on allowing landlords to let to housing benefit tenants, but says that rather than a “blanket” approach of either allowing or not allowing landlords to do this, a better way would be if lenders “selectively” allowed it – with the decision linked to other variables such as landlord experience […]

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Nationwide Mortgage Works Housing Benefit U Turn

David Lawrenson of Private Rented Sector Consultants LettingFocus.com looks at why some mortgage lenders don’t want to allow landlords to let to tenants who are dependent on housing benefit to pay their rent. Last week, at this blog, I looked at Nationwide’s new policy (for the Mortgage Works) to not allow landlords taking out mortgages or remortgages with them to […]

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Mortgage Lender Restrictions on Landlords Letting to the Housing Benefit Dependent & the Implications for the Govt

Mortgage lenders are increasingly not allowing private landlords to let to tenants on benefits. This can only lead to even more landlords removing their properties from this end of the market – a part of the market where tenants have very few housing options. With nowhere else to go, more families will need to be put up in expensive B&B […]

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Local Housing Allowance and More Changes to Policy

David Lawrenson of www.LettingFocus.com explains the “work arounds” and the sleights of hand involved in the latest changes in Local Housing Allowance funding. The government has just voted to cap rises in several benefits, including local housing allowance (LHA) base rates, at the lower of 1% or the 30th percentile of local rents – which means that in practice, in […]

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Buy to Let Mortgages and Tenants on Benefits

Some mortgage lenders still don’t let landlords who have mortgage loans with them to let their properties to tenants who are on benefits. Many private landlords are reluctant to let to tenants who are dependent on housing benefits, preferring tenants who do not have to rely on the state for any assistance. There are a number of reasons why: 1. […]

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The Private Rented Sector and Some Key Issues for Government

I was quoted extensively at the Guardian Housing Network blog last week and I think it is worth highlighting the key points I made. Why the PRS is in the News 1. The private rented sector (PRS) is increasingly in the news and will remain so, partly because of its growing size and partly because of rising rent levels, which […]

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London Living Rent, Landlord Accreditation and Ken and Boris

David Lawrenson of LettingFocus worries about Ken Livingston’s idea of rent controls and says that that accreditation and registration schemes for landlords are not needed because the vast majority of landlord and tenants enjoy good relations and the minority of rogue landlords will never register anyway. Oh dear, oh dear, I spend a nice day at a CIH Conference telling […]

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