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.

You May Also Enjoy

Surge in country and seaside property values
Estate Agent Talk

5 Tips for Increasing the Value of Your Home

Owning your own home is one of the best financial investments that you can make in your life. Whether you’re planning to sell in the near future, or keeping an open mind about moving later down the line, making alterations to your property can significantly increase its value. So, whenever it is you’re looking to…
Read More
Breaking News

Housing Insight Report – Covering January 2025

As widely expected, January 2025 saw an uplift in activity in the sales market due mainly to the Stamp Duty thresholds changing, requiring many homeowners completing from April onwards to pay more tax in England and Northern Ireland. Residential sales UK average house price dipped The average UK house price stood at £268,000 in December…
Read More
Breaking News

Mortgage Expert predicts interest rates will still remain higher than pre-pandemic levels

Hodge Bank’s 2025 Predictions: Interest Rates and House Prices Outlook James Enos, Hodge Bank, suggests consumers remain mindful that interest rates will likely still remain higher than pre-pandemic levels. The fate of house prices for 2025 are in the hands of consumer confidence and appetite to purchase. Hodge Bank anticipates that the year will see…
Read More
Breaking News

Breaking Property News 13/03/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fintech mortgage broker Habito launches its own accelerator program Accelerator opportunity for three founders in Habito’s first cohort Digital mortgage broker Habito is excited to announce the launch of the Habito Accelerator, an industry first initiative designed specifically for ambitious entrepreneurial mortgage broker firms that are…
Read More
Breaking News

Landlords optimistic about 2025, but concerns over regulation and economy remain

UK landlords remain confident in the buy-to-let (BTL) market, with many planning to expand their portfolios in 2025, but economic and regulatory uncertainties continue to dampen their outlook, new research from Market Financial Solutions has found. The London-based lender commissioned an independent survey of 300 UK landlords to gauge their sentiment towards the BTL market…
Read More
Property for sale
Estate Agent Talk

3 Real Estate Tips for Beginners to Use

Real estate can always be a great way to set yourself up for retirement. As long as you go about it the right way, you could make quite a bit of money through it. The trick to this is to actually know what you’re doing. This can be a little overwhelming for beginners. Don’t think…
Read More