LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Freeze on housing benefit rates will hit vulnerable tenants, landlords warn – London Wallet

Mark Helprin by Mark Helprin
October 31, 2024
in Real Estate
Freeze on housing benefit rates will hit vulnerable tenants, landlords warn – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

What is currently happening in the UK property market? – London Wallet

Spicerhaart sees solid growth on back of expansion strategy – London Wallet

Renters’ Rights Bill nears final stage – how can agents still influence it? – London Wallet



The National Residential Landlords Association has raised concerns over the government’s decision to freeze housing benefit rates from next year, warning that the move will make it increasingly difficult for people in receipt of benefits to secure tenancies in the private rented sector.

The NRLA, speaking on behalf of thousands of private landlords, argues that frozen housing support rates, which fail to keep pace with actual rent levels, will only worsen the financial strain on renters who are already struggling.

Responding to confirmation by the Work and Pensions Secretary that housing benefit rates will be frozen from next year, Chris Norris, policy director for the NRLA, said: “Whilst the Budget spoke about protecting vulnerable people, it failed to confirm what we now know – that housing benefit rates will be frozen as of next year.

“It makes no sense whatsoever to provide support for housing costs that bear no resemblance to rents as they actually are.

“Coupled with tax hikes on the supply of homes to rent, announcements today will make it hardest of all for those claiming benefits to access and sustain tenancies in the rented sector.”

 

Property industry reacts to the Autumn Budget 2024

 




Daily news email from EYE

Enter your email below to receive the latest news each morning direct to your inbox.





Source link

Share30Tweet19
Previous Post

New not-for-profit letting agency launches – London Wallet

Next Post

Thursday’s big stock stories: What’s likely to move the market in the next trading session

Mark Helprin

Mark Helprin

Recommended For You

What is currently happening in the UK property market? – London Wallet
Real Estate

What is currently happening in the UK property market? – London Wallet

August 22, 2025
Spicerhaart sees solid growth on back of expansion strategy – London Wallet
Real Estate

Spicerhaart sees solid growth on back of expansion strategy – London Wallet

August 22, 2025
Renters’ Rights Bill nears final stage – how can agents still influence it? – London Wallet
Real Estate

Renters’ Rights Bill nears final stage – how can agents still influence it? – London Wallet

August 22, 2025
What would Thatcher say? AI imagines Iron Lady’s take on today’s UK housing market – London Wallet
Real Estate

What would Thatcher say? AI imagines Iron Lady’s take on today’s UK housing market – London Wallet

August 22, 2025
Next Post
Thursday’s big stock stories: What’s likely to move the market in the next trading session

Thursday's big stock stories: What’s likely to move the market in the next trading session

Related News

Kanye West sued by Donna Summer’s estate over copyright of I Feel Love

Kanye West sued by Donna Summer’s estate over copyright of I Feel Love

February 28, 2024
As more Americans reach 65 than ever, here’s what to know about your Social Security retirement age

As more Americans reach 65 than ever, here’s what to know about your Social Security retirement age

February 14, 2024
Can Honda’s new S7 electric SUV spark a comeback in China?

Can Honda’s new S7 electric SUV spark a comeback in China?

February 18, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?