Housing benefit paid to private landlords doubles.

A study undertaken by the National Housing Federation (NHF) reveals that private landlords hauled in £9.3bn in  2015, that is double what the level was ten years ago, they said the figure was due to a huge increase in private tenants who are receiving housing benefit.

NHF chief executive David Orr said: “It is madness to spend £9bn of taxpayers’ money lining the pockets of private landlords rather than investing in affordable homes.”

“The lack of affordable housing available means that a wider group of people need housing benefit.”

One in three (32%) Housing Benefit recipients are private renters and almost half (47%) of all private rented households in receipt of Housing Benefit are in work.

To read the NHF report in full click here

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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