BoE holds interest rate at 5.25%

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The Bank of England’s Monetary Policy Committee has decided to hold the base rate at 5.25% – for the fifth meeting in a row.

The current rate, which was set last August, is the highest for nearly 16 years.

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NRLA and Generation Rent welcome call to uprate LHA

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MPs on the Work and Pensions Select Committee say that Local Housing Allowance should be uprated every year by the Government so that it retains its value at the 30th percentile of rents in a rental market area.

LHA rates have been frozen since April 2020 and from April this year

View Full Article: NRLA and Generation Rent welcome call to uprate LHA

Extremely rigorous tenent screening, insurance and total protection?

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The title speaks for itself. Unfortunately, it has taken a year to the day exactly to evict non-paying tenants. This is the first time in 30 years I’ve had any issues, but it has now made me concerned that my experience could happen again.

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Half the council tax tenants pay should be saved for a home deposit – SMF

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In a bid to help tenants save for a deposit to buy a house, half of their council tax payment should paid into a dedicated savings account, one think tank says.

The novel solution by the Social Market Foundation (SMF) acknowledges government efforts to help first-time buyers but argues they haven’t addressed the issue in high-demand areas.

View Full Article: Half the council tax tenants pay should be saved for a home deposit – SMF