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Pay To Stay
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Posted by: petewebb, on 07/10/2015, in category "General news & articles"
Views: this article has been read 249627 times
Summary: Proposed Changes to current scheme.

Due to be introduced in April 2017, Pay To Stay is part of the proposed government legislation for social housing. An income threshold will be introduced and will mean tenants with a household income of more than £40,000 (£30,000 outside London) will have to pay 80% of the market rent. Those earning in excess of £50,000 will be obliged to pay full market rent. Household income will be based on the top two earners in a household. Legislation will be introduced requiring tenants to declare income.
Failure to declare or falsifying income will be treated as fraud.

It is estimated that 27,000 Housing Association tenants will be affected by this in London alone. This will apply to all social housing and will effectively disqualify anyone over the threshold from social housing.

 

Useful Links

researchbriefings.parliament.uk/ResearchBriefing/Summary/SN06804

www.independent.co.uk/voices/comment/budget-2015-pay-to-stay-will-bring-about-the-death-of-social-housing-10375705.html

www.lgcplus.com/news/pay-to-stay-law-would-force-social-tenants-to-declare-income/5087981.article


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