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Changes from 1 April 2011 UK
From 1 April 2011 the rates for Local Housing Allowance will be reduced across the country:
Weekly excess
The maximum £15 weekly excess that some customers can get will be removed.
Limits on payments
A limit will be introduced so that Local Housing Allowance does not exceed:£250 a week for a one bedroom property (including shared accommodation)
£290 a week for a two bedroom property
£340 a week for a three bedroom property
£400 a week for a four bedroom property
AbortedBabysInMakeUp 3 months ago
Superb presentation. Many thanks.
redroofestates 2 years ago
If you can see off the rate hikes over the medium term, you will make money in appreciation over the long run. Just do not be caught as a forced seller whilst many others are too, is my best advice.
Long run Property increases to exceed a dubious 'official CPI' and to be worthwhile but you will need to manage borrowing levels and capital costs aggressively and ensure you are always let.
TheMarketSniper 2 years ago
Unfortunatly I paid top wack, my portfolio began in 2007!! This is why am showing my conerns, at the moment I might be lucky to see a 15-20K gain on each property which is why I am questioning keeping or selling.
I know for a fact that if I sell now, in 10 years time I will be kicking myself.
But at the same time needs must and all that and if I wait for the real unemployment rate to be disclosed I could be looking at heavy losses???
Lifes full of t-junctions, just need pointing the right way
joandandy987 2 years ago
The currency devalutions in £ and $ ensures this inflation and rate increases will occur, as other commodities (incl softs ie. food a big inflationary factor).
TheMarketSniper 2 years ago
Hi,
Very interesting link, I have several properties and debating whether to sell them all or not?
Would you sell at the moment or wait? If you were to wait how long do you think it will take to recover?
Best regards, Andrew
joandandy987 2 years ago
Hi
Jon it depends on your circumstances.
More Nominal house price increases are likely, but against Gold I believe it will continue to rerate downwards, more slowly however.
In a future inflationary environment both Shares and housing climbs.
The concern is how far interest rates will go up by. Rentals will lag initially in a break out of higher rates.
TheMarketSniper 2 years ago
so if your leverage is lowish you will ride out Interest hikes with fair nominal appreciation.
If you are 75% plus LTV's and interest rate sensitive maybe be defensive.
New Build appt stock away from London and the SE may not sell well however, so be a lending rate 'tart' to keep funding costs as low as possible - I never recommend Fixes, but subject to levels at present a 3 -5 year may for once be value.
Good luck -
TheMarketSniper 2 years ago
I have a few investment properties too and consider this question as relevant personally.
TheMarketSniper 2 years ago