10 Feb

Seminar for buy-to-let landlords ahead of housing allowance cuts

Seminar for buy-to-let landlords ahead of housing allowance cuts

Buy-to-let investors with tenants that claim Local Housing Allowance (LHA) could beneft from a seminar hosted by Landlord Action.

Ahead of allowance cuts due to come into effect on April 1st, the tenant eviction specialist is hosting an event to provide information on the LHA system.

Support for landlords will be needed to tackle the risk of tenants unable to pay rent, causing financial difficulties for people with buy-to-let properties.

The seminar will be held on March 25th at the Holiday Inn Kensington Forum, London.

Paul Shamplina, founder of Landlord Action, said: "Since the current LHA system came into effect in April 2008, our instructions against tenants in this sector have rocketed.

"I feel that landlords do not truly understand the capping system coming into effect."

Buy-to-let investors have been put off renting to this sector, he added.

The number of Landlord Action cases relating to LHA tenants rose by 16 per cent in 2010.

Cuts to housing allowance could force some landlords out of the rental market.

The National Landlords Association says landlords are not in a financial position to cut rent to absorb LHA cuts, and may have to stop renting to claiming tenants.ADNFCR-1222-ID-800397594-ADNFCR

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