LHA Tenants Struggling to Find Property

LHA Tenants Struggling to Find Property

LHA tenants on housing benefit are showing increasing signs of frustration as it becomes harder for them to find private landlords who will accept them.

Online searches for rental homes where LHA tenants are accepted have increased 400% across London and the Home Counties since April.

Aki Ellahi of Dssmove says that his site has 15,000 people currently searching for accommodation in London, followed by Leeds and Manchester, each with 1,000 people searching.

Aki, who founded the site in 2012, said:

The sharp rise in London searches is partly due to the new £500 weekly benefit cap that came into effect on July 15, which is making it impossible for tenants to rent in certain parts of London. Demand is outstripping supply.

There are over five million people currently claiming housing benefit in the UK. The House Crowd specialises in buying investment property to let to LHA tenants. We believe we are helping those who most need it to find a decent property to live in, whilst for our property investor partners we focus on a steadily growing market.

Supply is diminishing as many landlords retreat from the market and demand is also increasing. Thus we are able to obtain an excellent rental income and let all our properties quickly.

The UK’s continuing dire housing shortage is a situation that we at The House Crowd are keen to help with. Whether it is through helping those on housing benefit get a much-needed home, or providing generally more affordable homes throughout the Greater Manchester area, we are always eager to do our bit.

After all, helping with the UK’s housing market is a key aspect of what we do. We help find homes for the increasing number of tenants in rental accommodation and bring much-needed homes onto the purchase market.

But we also help a wide range of people from all walks of life with an opportunity to invest in property. Whereas in the past, only those with access to large amounts of funding have been able to invest in the property market, the property crowdfunding model opens the doors to many more, democratising the market in a time when so many feel priced out.

If you want to be a part of the property crowdfunding movement and do your bit to help the UK’s housing situation, then find out more by registering on our site:

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You can also browse our full range of current property investment opportunities by clicking below:

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Mark Prisk Announces New Affordable Housing Fund

Mark Prisk Announces New Affordable Housing Fund

The Department for Communities and Local Government has announced a new Government initiative, an affordable housing fund, which will see up to 15,000 homes for affordable housing being developed.

As part of the plans, providers of affordable housing in the UK will be able to bid for a share of up to £225 million, subject to meeting the bidding criteria.

The Affordable Housing Fund and the New Affordable Homes Programme

The new initiative is based on the existing Affordable Homes Programme and will operate alongside the Government’s Affordable Housing Guarantee, which provides a pledge to underwrite debt for lenders on eligible housing projects.

The House Crowd hopes the new Affordable Housing Fund initiative will unlock private finance and help to get spades in the ground and workers on site. However, once again, we must question why the huge numbers of empty homes across the UK are being overlooked in favour of a new build solution?

As we know all too well, the UK needs to produce significantly more new homes every year to meet the growing demand. New builds are, of course, a key part of this, and this new Affordable Housing Fund will help. However, developing existing empty homes will not only boost the property market and economy, but make a dent in the number of new homes required.

That’s why we at The House Crowd believe so passionately in what we do. We want to build a better property market in the UK, and we know property crowdfunding is a crucial part of the solution.

Want To Know More?

The House Crowd is a new concept in property investment which allows people to invest small amounts via crowdfunding. For more information on the process, visit our How It Works page.

We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments For more information about us, see Our Manifesto.

If you’ve read enough and want to invest now, visit our Invest in Property page or register by clicking below:

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You can also see our full range of current investment opportunities here:

View our Property Investments