Unafforable London Housing

Wikipedia

Social housing across the south-east of England would become unaffordable for large families on benefits within days of a Conservative victory in the general election, according to one of the region’s leading social housing providers.The prime minister vowed on Tuesday to reduce the annual benefits cap from £26,000 to £23,000 “within the first few days” of a Conservative victory, but analysis conducted by a housing association has highlighted the devastating consequences it would have on tenants in the south-east.In its analysis, Moat housing association, which provides social housing across the south-east of England, found that every three-bedroom social home across all 35 areas it operates would become instantly unaffordable for residents receiving full housing benefit if the cap were reduced to £23,000 and that all two-bedroom homes would be unaffordable within six years.

The analysis found that two-bedroom homes in London, Brighton & Hove, Epping and Mid-Sussex would all become instantly unaffordable, while all other two-bedrooms homes in the rest of the south-east would be out of reach within four years. The majority of one-bedroom homes in the south-east would be unaffordable within 10 years.