chem1st Posted October 20, 2010 Share Posted October 20, 2010 The SSR LHA rate was previously 25. Anybody under 25 and out of work or on a low income, could get this form of housing benefit to pay for a room in a shared house. Anybody under 25 was deemed unworthy of a 1 bed flat. This unworthiness will be extended childless people up to the age of 35. BTL landlords can now maximise rental yield by converting 2+ bed houses into HMOs. Below are the current WEEKLY Sheffield rental rates for LHA, the monthly amount are shown in brackets and weekly increase if converted into a HMO in bold... Shared accommodation - £65.00 (£281.67) FOR CHILDLESS UNDER 35s 1 Bedroom accommodation - £94.36 (£408.89) 2 Bedroom accommodation - £113.92 (£493.65) 2 bed HMO £130 +16.08pw (£563.34) 3 Bedroom accommodation - £120.82 (£523.55) 3 bed HMO £185 +64.18pw (£845.01) 4 Bedroom accommodation - £155.34 (£673.14) 4 bed HMO £260 +104.66pw (£1126.68 ) 5 Bedroom accommodation - £224.38 (£972.31) 5 bed HMO £325 +100.62pw (£1408.35) 6 bed HMO £390, +165.62pw and £65 extra per bedroom for both weekly values thereafter. These are the minimum weekly rents you must pay, this is the new bottom end of the market, this is the lowest price workers must pay. The amount of housing benefit will be capped for at the average level of take home pay for working households. The LHA SSR rate will be well below this, HMOs are the future form of living for childless under 35s. The value of a living room turned into a bedroom will be £65 per week. If you want a house, YOU MUST BREED! BREED FOR ENGLAND We need more tax payers quick! - edit (April 2011): HMOs are now the most profitable form of property after the LHA cuts. Housing benefit is capped at 80% of market rents and social rents are set to rise well above RPI, both private and social rents are designed to increase. Next year they want to shift anyone under 35 into HMOs. Here are the current April 2011 figures, after the lha cuts.., properties are now worth less, due to lower rental yields, however these will increase above RPI due to the perverse schemes in power. Shared accommodation - £60.00 (£260.00) 1 Bedroom accommodation - £88.85 (£385.02) 2 Bedroom accommodation - £103.85 (£450.02) HMO - 120 (520) 3 Bedroom accommodation - £114.23 (£495.00) HMO - 180 (780) 4 Bedroom accommodation - £144.23 (£625.00) HMO - 240 (1040) HMOs then +60/week and 260/month per extra room (if let fully to the vast swathes on unemployed youths and elder youths, 16,17,18-25 and as of April 2012, the 25-35 age range). Who the hell wants to house a family when you can fill it with 3 adults. If HMOs are favoured then we will have a lack of family homes! Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted October 20, 2010 Share Posted October 20, 2010 Sounds eminently reasonable. It's better than having to pay for it yourself. Link to comment Share on other sites More sharing options...
eastbank Posted October 20, 2010 Share Posted October 20, 2010 The SSR LHA rate was previously 25. Anybody under 25 and out of work or on a low income, could get this form of housing benefit to pay for a room in a shared house. Anybody under 25 was deemed unworthy of a 1 bed flat. This unworthiness will be extended childless people up to the age of 35. BTL landlords can now maximise rental yield by converting 2+ bed houses into HMOs. Below are the current WEEKLY Sheffield rental rates for LHA, the monthly amount are shown in brackets and weekly increase if converted into a HMO in bold... Shared accommodation - £65.00 (£281.67) FOR CHILDLESS UNDER 35s 1 Bedroom accommodation - £94.36 (£408.89) 2 Bedroom accommodation - £113.92 (£493.65) 2 bed HMO £130 +16.08pw (£563.34) 3 Bedroom accommodation - £120.82 (£523.55) 3 bed HMO £185 +64.18pw (£845.01) 4 Bedroom accommodation - £155.34 (£673.14) 4 bed HMO £260 +104.66pw (£1126.68 ) 5 Bedroom accommodation - £224.38 (£972.31) 5 bed HMO £325 +100.62pw (£1408.35) 6 bed HMO £390, +165.62pw and £65 extra per bedroom for both weekly values thereafter. These are the minimum weekly rents you must pay, this is the new bottom end of the market, this is the lowest price workers must pay. The amount of housing benefit will be capped for at the average level of take home pay for working households. The LHA SSR rate will be well below this, HMOs are the future form of living for childless under 35s. The value of a living room turned into a bedroom will be £65 per week. If you want a house, YOU MUST BREED! BREED FOR ENGLAND We need more tax payers quick! ive got a shed at the bottom of the garden...its only 50 a week.... Link to comment Share on other sites More sharing options...
Jason Bourne Posted October 20, 2010 Share Posted October 20, 2010 If you want a house, YOU MUST BREED! BREED FOR ENGLAND We need more tax payers quick! Part of Broken Britain's problem is that the WRONG people are breeding x x x Link to comment Share on other sites More sharing options...
chem1st Posted October 20, 2010 Author Share Posted October 20, 2010 ive got a shed at the bottom of the garden...its only 50 a week.... Proper buzzing, smackhead Billy says he will move in ASAP, if he claims the LHA and pays you, he can keep the £15 per week difference, but no more than that, so he ain't bothered about renting anywhere cheaper. Link to comment Share on other sites More sharing options...
eastbank Posted October 20, 2010 Share Posted October 20, 2010 Proper buzzing, smackhead Billy says he will move in ASAP, if he claims the LHA and pays you, he can keep the £15 per week difference, but no more than that, so he ain't bothered about renting anywhere cheaper. no my shed is smackhead free....and the tennant must be in fulltime employment to enjoy the delights of this 4 star accomadation....he will be vetted by the local neighbourhood watch...happy days Link to comment Share on other sites More sharing options...
Forumosaurus Posted October 20, 2010 Share Posted October 20, 2010 Well, the rich (Landlords) will get richer, and the poor will get poorer. Just like last time. And it's inequality that causes problems, not cuts themselves. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted October 20, 2010 Share Posted October 20, 2010 Well, the rich (Landlords) will get richer, and the poor will get poorer. Just like last time. And it's inequality that causes problems, not cuts themselves. Why will the poor get poorer? They will still get free accommodation (well, it's not free - somebody else will pay.) The free accommodation they get will not be as large as they had hoped. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted October 20, 2010 Share Posted October 20, 2010 Well, the rich (Landlords) will get richer, and the poor will get poorer. Just like last time. And it's inequality that causes problems, not cuts themselves. Wont this mean that the landlords will get less money? This may even drive down the cost of rents. Link to comment Share on other sites More sharing options...
spindrift Posted October 20, 2010 Share Posted October 20, 2010 The problem is when you're earning enough to have your own flat (and all the stuff that goes in it), but you suddenly lose your job. Basically you're going to have to give up your home. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.