Just five months after launch, Dssmove.co.uk, the new lettings property portal which puts LHA tenants in touch with landlords and agents happy to deal with them, has seen a huge rise in traffic, agency sign up and enquiries.
Visits to Dssmove.co.uk are up 300 per cent on December 2012 and the number of leads sent to agents is up by the same percentage. Aki Ellahi, Founder of Dssmove.co.uk commented: “We are delighted with the success of our new portal since its launch and thrilled with feedback from lettings agents, who see the benefits of our unique service, as well as the advantages of having LHA tenants. In just six months, we have signed up 250 lettings agents across the UK.
“Currently there are over five million people claiming LHA and this is set to grow over the next 2-3 years, as we face a tough economic period and continued austerity measures from the Government.
“Some landlords and agents are wary of letting to people on housing benefit, but we have been doing it for years through our lettings agency without problems. In many inner-city areas in the South West, Wales, Midlands and the North East and West LHA rates are sometimes higher than the market rent.
“Therefore in order for landlords to achieve this higher rent yield, they need to move into the DSS market as private tenants will not pay the same level of rent in some areas. i.e. 2 bed LHA rate in Wolverhampton is £450 and many properties are on the open market rent £350 – £400.
“Though city centre agents like Foxtons will not deal with the DSS market, many independents do and some of the corporates have spotted the gap and are moving more into this market i.e. Martin & Co, Northwood. For many landlords and agents across the UK – especially in the North – there will be no choice about accepting LHA tenants in 2013 and beyond.”
Mr John P. MacAlevey, Founder of Intercity Accommodation comments: “Dssmove.co.uk is a good, clean site and I am very pleased with the enquiries so far. The site could not have been launched at a better time. In the Leeds area we have seen a huge increase in the private rented sector and a rise in demand for properties that will house LHA tenants, due to the lack of mortgage funds and the tough economic situation.”
Dssmove.co.uk works with over 250 lettings agents nationwide and has over 4,000 properties on its site. The company offers a free of charge service for lettings agents who sign up their properties to be displayed on Dssmove.co.uk.