Housing Benefit Changes from April 2011

From April 2011 a number of changes will be introduced to the Local Housing Allowance (LHA) scheme. The majority of Housing Benefit (HB) customers who are assessed under LHA arrangements will see a reduction in the amount of benefit they receive. John Paul, The LHA Expert stated that there are three changes being introduced that will lower the levels of LHA that they pay in County Durham (for your geographical area you can go to https://lha-direct.voa.gov.uk/Secure/Default.aspx •    the removal of the £15.00 top up •    the setting of LHA rates at the 30th percentile •    the removal of the 5 bedroom LHA rate Customers affected by the last two changes will be given some transitional protection. The key changes from April 2011 are: LHA levels will be restricted to the 4 bedroom rate and a new upper limit will be introduced for each property size, with upper limits (capping) set at:...
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The LHA and how to make it work for you - free download

We have recently been able to get a  FREE excerpt from John Pauls ebook “LHA and How to Make it Work for You”, it’s full of tips and tricks that you can use to improve your cashflow, and your understanding of LHA. Would like to know more about investing using an LHA Strategy, but dont know where to start? Do you already use this strategy to invest, but your LHA Tenants are costing you  time, energy and MONEY? It doesn’t have to be that way – in fact, getting LHA Tenancies right can be hugely profitable and hassle free! "LHA is an opportunity to increase cash-flow and produce rental yields that we haven’t seen for years, all you have to do is to learn how to work the system, and use it in your investment strategy". –  John Paul Download the free excerpt here to learn more about LHA Investing. If...
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Property Tribes Interview with John Paul, MD Castledene Group

I recently came across this interview that Property Tribes did with John Paul from Castledene Group.  Its a great interview and impressive to see what John has built up over a short period of time.   John is also an expert on LHA Investing and has produced a great handbook. If youre interested in this form of investing, which can be very lucrative, Ive added the link to the eBook below the interview.
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More than 750,000 impacted by HB cuts - John Paul from Castledene comments

John Paul from Castledene comments on yesterdays news story - more than 750,000 people face homelessness under the governments decision to cap housing benefits.
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The LHA high yield strategy

I recently purchased the new eBook from John Paul – The LHA Expert.  It’s a fantastic book and it really is a "must have" for any Landlord or Letting Agent - unless of course you already have all of your properties let out at maximum rent and fully paid up to date!!! According to the NLA 52% of Landlords say they wouldn’t let to LHA tenants. Obviously some investors are a bit scared of letting to them and think they’re a lot of hassle.  One of our properties is let to a single Mum of 2 who claims benefits. She’s a fantastic tenant and fortunately we’ve had no problems, but I’m sure some people have different experiences.  I think this book is a great read though to prepare you for letting to LHA tenants, it’s great to know all the facts. If you haven’t seen the book, you can Download it...
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Real life landlord and 5 Lease Option ‘Powerplays’

May Manchester Property Networking Club had a great real life landlord outline and a presentation on 5 great Lease Option Powerplays.
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No Money Down (NMD) - Sinner or Saint

When I started property investing 5 years ago I did it the old fashioned way, released money from my home, bought a couple of terraced properties, waited for them to increase in value and then remortgage. Then around 2 ½ years ago I stumbled on No Money Down or NMD. I thought all my Christmas’s had come at once. I couldn’t believe that you could buy property this way. There had to be a catch! But there wasn’t, I just kept buying and before you knew it I’d bought 35 houses within a year. Then the unthinkable happened, the credit crunch and the demise of Mortgage Express, I was devastated. What I thought was my god given right to buy properties in this way, was snatched away from me, just as I was planning my early retirement (I was only 29 at the time) Saint There’s a saying up North,...
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