Social housing tenants – left out in the cold?

For a variety of reasons, those claiming housing benefits have received a large amount of bad press over the last couple of years and continue to be the subject of contentious public opinion.

For landlords, the argument in favour of social housing tenanting has not been helped at all by those who flagrantly cheated the UK’s welfare system and left substantially tainted opinion in their wake.

However, it’s the common-sense responsibility of landlords to rise above stereotyping the majority of social housing tenants because of well-publicised and likely over-hyped, misdemeanours of a minority. Research has shown the bulk of people on housing benefit are decent people who regard the place they live as a permanent let, rather than a short-term solution.

Additionally, for those quick to judge housing support, it’s worth remembering that a high proportion of people receiving housing benefit are aged over 55 and have contributed much to society and tax pots throughout their working lives, and are only now in need of support as they head into retirement.

Our perspective at The House Crowd is that short-sighted landlords, who form part of the growing number of landlords leaving the LHA market, should ask themselves whether they can actually afford to abandon such a substantial part of the private rented sector when our industry is still recovering from such challenging economic circumstances.

The House Crowd provides an ethical investment opportunity in which profits are shared – what we like to term “Caring Capitalism”. We seek out repossessions through liquidators and asset management companies, allowing us to offer our investors excellent returns, as well as breathing new life into empty homes and providing quality housing for those who need it most.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If you’ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).

 

Stepping Up To The Plate: Letting to Local Housing Association Tenants

The House Crowd steps up as many landlords step back from Local Housing Allowance tenancies.

More than half of landlords can no longer afford to rent to tenants on housing benefit, according to a survey by the National Landlords Association (NLA), which we at The House Crowd think is a very worrying statistic.

We’ve known for a while that cuts to local housing allowance were happening. But with 53% of landlords now stating these cuts make it untenable to rent to those on benefits, and almost 69% saying they don’t expect to rent to local housing allowance tenants in the future, what position does this leave these vulnerable people in?

It is times like these when property investment strategies such as our crowdfunding model really come into their own. Not only are we stepping in as local housing allowance landlords, at a time when supply is increasingly limited but demand is high, we are also enabling would-be landlords the opportunity to be part of a property investment group, without the worry that issues such as these can present.

Whilst we know that our model is a great way for investors to make good potential returns in the property market, we are a company that – essentially – is concerned with the social good of our country. Alongside allowing a wider range of people to get a foot on the property ladder through the investment of whatever sum they have available, we are also committed to improving the state of the market for those seeking homes.

We work with SPVs who refurbish old properties to improve the standard of living for the next owner or tenant, and we make it easier for people seeking rental accommodation to find a home they feel comfortable in. By cutting out the banks and mortgage brokers, we are able to open the doors to more opportunities, both for investors and for those looking for a home in this environment of supply/demand catastrophe.

If you like the sound of a more democratised property market in the UK, then why not find out more about investing through property crowdfunding?

You can learn more about the work we do by registering on our website by clicking the purple button below. If you just fancy a browse through the properties we have on offer for investment at the moment, click the blue button!

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If you have any questions, or just want to chat about property investment and get some advice, then drop us a line. We’re always happy to help out!