Reply To: A name for the extra £15

#94496
seanosul
Participant

[quote:e1608dda7b=”peterdelamothe”]

two sharers pay £50 each, the LHA is £70. Claimant A is subject to the existing rules and gets £50 less deductions for services. Claimant B is an LHA claim and gets the full £50 plus the £15.[/quote:e1608dda7b]

As LHA will now be based on the median, the bottom 50% of the market will be available to tenants, however there will be no need to for tenants to consider the very bottom end of the market as there is no incentive for them, this will skew the market even further in the South East as the £15 cap is only a tiny percentage of rent levels.