Monday, 19 December 2011

Families face fast-track eviction to help landlords cash in on higher rents


Inner-city landlords are exploiting the country's acute housing shortage by evicting tenants and replacing them with those prepared to pay more.

The rent increases come as cuts to local housing allowance (LHA) are phased in from next month, amid warnings that a combination of rising rents and reduced allowances will see poorer families priced out.

New figures reveal a 22% increase in the number of fast-track evictions – known as "accelerated possessions" – between 2010 and 2011. It is thought the rise is largely down to landlords taking advantage of being able to re-let their properties at a higher rent.

From next month, an increasing number of poorer families are expected to seek alternative accommodation when reductions to LHA – the amount benefit claimants receive from councils towards the cost of their rent – will mean they cannot afford to stay in their homes. Future payments will be matched to the rents of the cheapest third of properties; previously they were based on the local average.

Click here to read the whole story Families face fast-track eviction to help landlords cash in on higher rents