Piggybank News

February 25, 2013

2013 Local Housing Allowance (LHA) rates

The Valuation Office Agency (VOA) has published its new LHA rates – available to view by clicking here – which come into effect on the 1st April 2013.

LHA rates were frozen for a 12-month period from 1st April 2012 until 31st March 2013. Future upratings, whilst still based on market rents, are limited to the rate of the September Consumer Price Index (CPI).  The new rates will apply to all claims made from 1st April but existing claims will not be affected until the date of their annual review.

The rates are based on data supplied by landlords and agents. More than half a million rents are included every month which makes them the most accurate record of the private rented sector. The table below shows how national rents changed between June 2011 and June 2012.  As the September CPI was 2.2% (slightly below the current fairly steady rate of 2.7%) this means that LHA levels in some areas will drop even further behind average local market rents.

REGION

AVERAGE CHANGE

Yorkshire & The Humber

9.37%

London

4.63%

South West

3.19%

East Midlands

2.27%

South East

2.14%

West Midlands

2.04%

England

1.76%

North West

0.47%

East

0.17%

North East

-1.38%

To avoid potential public confusion, the April 2013 LHA rates will not appear on www.gov.uk (LHA-Direct) until March 2013.In the interests of transparency, the website publication presents a table of the weekly April 2013 LHA rates and a series of downloadable documents including tables which illustrate the four steps of determining the rates.

To view the new rates visit: www.voa.gov.uk/LHAApril2013.

 

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