Social landlords must enforce new ‘pay to stay’ rule
- 08 Jul
The government has confirmed that social landlords must force social tenants earning higher incomes to pay market rent to stay in their homes.
George Osborne has trailed the new measure that will mean that social housing tenants earing £40K in London and £30k outside of London must pay market rent or “at least something close to it”, reports Inside Housing.
The Treasury have said that this policy will be compulsory for housing association and local authorities.
The Treasury could not confirm if the policy would require legislation, however there will be a consultation on the measure, which is due to come into place by 2017/18.
It is believed that the ‘pay to stay’ policy will save £250m a year.
What do you think of this? Tweet us your comments @suppsolutions
Related articles
- 11 Aug
RESIDENTS OF BUILDINGS IN LEDBURY ESTATE, SOUTHWARK, SOUTH LONDON WILL BE MOVED OUT TEMPORARILY
The buildings in Ledbury Estate in Southwark have been constructed in a similar way to Ronan Point, a tower block in Newham which collapsed in 1968 as a result of a gas explosion, killing three. An...
- 10 Aug
THERE IS A DECLINE IN THE HOUSING MARKET IN LONDON AND OTHER PARTS OF THE SOUTH EAST OF ENGLAND
The Royal Institution of Chartered Surveyors (Rics) made the following findings:Chief Economist at Rics, Simon Rubinsohn:"Sales activity in the housing market has been slipping in the recent month...
Responding to the DWP Consultation: Housing Benefit Reform - Supported Housing "I found the event informative and timely it helped me to complete our response to DWP without which I would have struggled." S.S. - Safe House