For part 3 in this series of short podcasts, Chris Lloyd-Smith interviews senior associate Madhur Sharma on how she has been coping during these unprecedented times.
Under the Land Compensation Act 1973, a landlord may have to pay a resident a home loss payment if the resident is permanently displaced from their home (subject to the circumstances and various conditions). New Regulations, The Home Loss Payments (Prescribed Amounts) (England) Regulations 2017, have been introduced that increase the amounts payable.
For displacements on or after 1st October 2017 the new amounts will be:
- For tenants, a minimum payment of £6,100 (in place of the existing £5,800).
- For leaseholders (who are entitled to 10% of the market value of their interest in the property):
- A minimum payment of £6,100 (replacing the existing £5,800 amount); and
- A maximum payment of £61,000 (replacing the existing £58,000 amount).
In preparation for these changes, you must ensure that your policies and procedures, together with any business plans for redevelopment which includes permanent decants, are updated to reflect the new amounts.
For more information about this article or decants and home loss payments generally, please contact Emma Hardman.
Last week, the NHF published its final version of its new Code of Governance and made some important changes from the previous draft that will impact on those housing associations looking to adopt it.
As the end of 2020 beckons, we take a look at what progress the Sterling market has made in its preparations for the end of the London Interbank Offered Rate (LIBOR) on 31 December 2021.
Finally, there is a glimmer of hope that perhaps the Covid-19 pandemic could be reaching its end.
For part 2 in this series of short podcasts, Chris Lloyd-Smith interviews senior associate Lisa Whitehouse on how she has been coping during these unprecedented times.
Delayed since Spring 2020 as the Government tackled the Covid-19 crisis, Tuesday 17 November saw the publication of the Social Housing White Paper, setting out the future regulation of the sector
In this ebriefing, we examine how the duty holder regime will apply to social housing providers with existing HRRBs in their housing stock.
Following Katherine's "heads up" last week, the Government has now confirmed that for claim periods post 1 December, employers will not be able to claim for employees who are serving their notice
For part 1 in this series of short podcasts, Chris Lloyd-Smith interviews solicitor Puja Desai on how she has been coping during these unprecedented times.
Over 100 trainees and future trainees from Birmingham joined the BTSS for a webinar to address concerns around training remotely and qualifying during a possible recession.
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