Wednesday, 15 June 2016

NFA Floats Switch To Monthly Rent Collection

The National Federation of ALMOs (NFA) is gathering the views of its members on moving from weekly to monthly rent collection. This is in response to research which found more than a third of tenants on Universal Credit are in rent arrears. The six-week waiting period before a tenant receives their first payment was cited as “frequently a factor” for causing arrears. Although Universal Credit is paid monthly, most social landlords collect rent weekly. Following a meeting with Lord Freud, minister for welfare reform, the NFA has said it will consult its ALMO members to find out if they would support moving from weekly to monthly rent collection to bring Universal Credit and rent payments in line. Any final decision on changes to rent collection would be up to individual local authorities. Read more on Inside Housing.

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