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#881033 - 12th Jun 2014 6:16pm Private renting in Wirral
venice Offline

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Registered: 21st Jul 2011
Posts: 2576
Loc: Wirral
Saw this on a NW Landlords Assoc website today. Doesnt seem good News for NW renters , a lose lose situation, or am I being short sighted and overlooking something?



Advertising Properties
June 6, 2014 by Admin
It has become very noticeable that many landlords and agents are advertising properties in the local press and on the internet quoting rents which are lower than prevailing LHA levels. Members will also have noticed that the LHA level for two-bedroom accommodation has been reduced from 475. pcm to 450.pcm. This is a reduction of 300. per year. There is a direct correlation between the advertisements and the reduction:- the valuation office which collates information about market rents and then uses such information to determine LHA levels from time to time will be influenced very much by the advertisement it sees. If landlords persist in offering properties at less than LHA levels, this will become a self-fulfilling prophecy and all landlords will lose. Over a five year period the loss in the case of two-bedroomed accommodation would amount to 1,500. Compare that with the cost of a licence at 500. Many members are rightly concerned about the proposals for the licensing of private rented sector properties in Liverpool. The purpose of this article is to draw attention to an even more costly danger which confronts landlords and which may be of their own making


Edited by venice (12th Jun 2014 6:18pm)

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#881111 - 13th Jun 2014 7:35am Re: Private renting in Wirral [Re: venice]
TheComputerLab Offline
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Registered: 18th May 2011
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Loc: Wallasey
Avoid lha rental prospects.... That's my moto we have had many and the majority have been fine however whenever there is a problem with money it's always the fault of LHA. Best avoiding.

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#881138 - 13th Jun 2014 10:47am Re: Private renting in Wirral [Re: TheComputerLab]
venice Offline

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Registered: 21st Jul 2011
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Loc: Wirral
I was pondering it from the point of view that if landlords are encouraged from their support associations to keep their prices up to maintain profits (prices which are worse than paying a mortgage back ) to stop the LHA reducing funding, wont it mean even more people are going have continued hardship finding places they can afford to live?

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