The LHA Expert

Mention Local Housing Allowance and most landlords will run a mile, but it doesn’t have to be that way. LHA is an opportunity to increase cash flow and produce rental yields that we haven’t seen for years, all you have to do is embrace it.

Knowledge
As the saying goes “Knowledge is power” and with LHA it is certainly the case. Since it was nationally rolled out on April 7th 2008 there has been a distinct lack of information regarding how it works. Quite a lot of councils didn’t have an exact idea of how it worked when it first came out. Obviously this was a complete disaster for landlords hence the immediate hatred of LHA and a noticeable decline in the amount of DSS tenants in privately rented accommodation.

As time went by the councils seemed to get their act together and came up with procedures and safe guards, but the problem was that you could have 3 councils next to each other with 3 very different views on a particular topic, such as paying the landlords direct after the tenant being in 8 weeks arrears. Read more…