Lords vote on changes re social housing tenants

April 22, 2016

On Monday the House of Lords considered changes that would see social housing tenants charged market rates once a household earns over £30,000, this threshold would be more than £40,000 in London. The Lords reportedly voted 240 to 176 for allowing local authorities to decide whether or not to charge an increased rent for those on a higher income.

The Lords voted to limit increases on the amount rent tenants on a higher income can be charged. The rent should not equate to more than 10 p for each £1 of a tenants income above the minimum threshold. They reportedly voted 281 to 178 for the amendment.

A further amendment would see the threshold for tenants considered to be on a high income raised to £50,000 in London and £40,000 for the rest of England. The Lords reportedly voted 266 to 175 in favour of that amendment.

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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