Anon 4.06pm - Two obvious points. Firstly PSLs base their business on LHA rates so is that disturbing too? Check the figures and see that of the 690,000 additional HB claims in last 12 months that over 620,000 have been PSL ones! 90%!!!!
Secondly, are you really saying that HA services charges have risen faster than utilities or petrol? What planet have you been on these last few years?
Melvin - All landlords expect and have to figure in an amount for arrears. So if your customers income is known to be dropping then it is logical and correct to factor in a higher percentage for bad debt - in this case arrears. That is just obvious business practice.
HAs will also have to factor in greater costs for legal fees, evictions, higher turnover rates of tenants, higher repair costs and many others too due to these proposals. The net effect is that all rents will have to rise to recoup these extra costs and/or service levels will have to be reduced.
Anyone still think all tenants should pay for PSL greed and milking the HB system with 60%+ premiums?