Finefair Ltd exists to provide clients with top quality real estate services. Furthermore, we want to ensure you have all the information on these topics that you could need. The subjects we can help with are numerous, with examples including property management, guaranteed rent, and council leasing. Moreover, we can provide details on local housing allowance in Hillingdon. You have come to the right place if this is something you want to clarify.
Introducing LHA
Local housing allowance (LHA) came to us from the UK Government in 2008. Its function is giving councils a way of calculating Housing Benefit entitlement for different areas. This is for individuals renting private sector housing in England, Scotland, and Wales.
The shift to LHA marked a considerable change in the way councils pay housing benefits. The same goes for restrictions. Among the changes, the most apparent is the swap to entitlement being based on the 30th percentile of rents in the area. Before, the mark to use was the 50th percentile or median.
LHA uses private market rental rates to see what everyone in the region pays. We call this a BRMA (broad rental market area). It sets a rate for the same quantity of bedrooms within the structure. The intent here is ensuring that tenants living in a place with similar properties can acquire similar levels of money. So, local housing allowance in Hillingdon and other parts of the UK aims to provide fairness and consistency.
The time when LHA rates go into effect
The rent officer decides the new rates for a year every January. They come up with a list of LHA for every broad market rental area, and the categories of dwelling in these locales. They do this up to the rate of a four-bedroom property.
Once decided, the rates then come in the following April and last a year. You can check current LHA, by postcode and local authority, on the Valuation Office Agency website.
The local authority must also publish LHA rates. Their job is to ensure that the latest ones are visible to all relevant parties, including private landlords.
Rates for local housing allowance in Hillingdon
Because LHA rates rely on the area, you must check locally to find more information on housing benefits. Hillingdon has its own important information to take note of. It is a good idea to check the Council’s website. However, we will look at the current rates here as well for ease.
The current BRMA for Outer West London for 2023 is as follows. For a 1-bedroom property with shared facilities, the rates are £115.07 weekly and £498.64 monthly. With a 1-bed self contained building, the figures are £212.88 and £922.48. As for 2-bed properties, they are £270.41 and £1,171.78. The 3-bed properties have rates of £322.19 and £1,396.16. Lastly, there are 4-bed properties, where the rates are £379.73 and £1,645.50.
Next up is North West London. For a 1-bedroom property with shared facilities, it’s £113.11 weekly and £490.14 monthly. A 1-bedroom self contained building comes with rates of £230.14 weekly and £997.27 monthly. With a 2-bed, they are £287.67 and £1,246.57. The 3-bed properties have rates of £356.71 and £1,545.74. Finally, 4-bed properties come with rates of £425.75 and £1,844.92.
Last but not least, there is South West Herts. A 1-bedroom property with shared facilities has a weekly rate of £95.85 and £415.35 monthly. They are £184.11 and £797.81 for a 1-bedroom self contained properties. For a 2-bed property, the rates are £230.14 and £997.27. With 3-bed buildings, you will get £299.18 weekly and £1,296.45 monthly. Lastly, 4-bed structures provide £391.23 weekly and £1,695.33 monthly.
As a final reminder, please remember these are the rates for local housing allowance in Hillingdon for 23. Check back in January to see what they will be next year and so forth.
You will get the help you need with us
The number of services Finefair Ltd provides, and the level of help we give for each, has led to our success. We are the number one company specialising in guaranteed rent in London. We also offer solutions for property management, leasing, and more.
So, if you want to do business with us, you are welcome to get in touch.
