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  • LHA/Universal Credit

    Overall benefit cap now in effect



    As most of you are aware the Overall Benefit Cap has started to come into effect as of the 6th November 2016, some landlords will be greatly affected by this as the tenant's Housing Benefit entitlement will decrease.

    I have found this article that explains the benefit cap:

    http://www.northdevonjournal.co.uk/what-...story.html

    If you have any tenants that are affected by the Overall Benefit Cap I would be intrested in hearing from you, as we may be able to help you mitigate any potential rental losses.

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    Thanks for posting this Sherrelle.

    There is another useful article >>> here. 

    Under the new cap, those living in the UK outside of Greater London will receive a maximum of:

    • £384.62 per week (£20,000 a year) for a couple
    • £384.62 per week (£20,000 a year) for single people whose children live with them
    • £257.69 per week (£13,400 a year) for single people who do not have children or whose children do not live with them

    The limits are higher for those living in Greater London boroughs. The new cap is:

    • £442.31 per week (£23,000 a year) for a couple
    • £442.31 per week (£23,000 a year) for single people whose children live with them
    • £296.35 per week (£15,410 a year) for single people who do not have children or whose children do not live with them.


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    [Image: 4995468760_6be86655d4_t.jpg]
    general operations director, site owner and moderator - propertytribes.com

    Hi Nick,

    I have worked out a few examples of how the benefit cap works as a calculation.

    I have examples of Outer London and Inner London



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    Here is a table for many, many permutations

    https://www.lgbp3.co.uk/bcap2016/bcap201...0_0_0.html

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    Joe Halewood has produced some interesting data that shows the annual spend above forecast on HB since 2010



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