Friday, 17 May 2013

Tenants Fail To Pay the Bedroom Tax

A large proportion of tenants hit by the bedroom tax have so far failed to pay the resulting shortfall in their rent.  Several of the UK’s largest housing associations have this week revealed thousands of tenants have not covered their rent since the controversial policy was introduced on 1 April. This has sparked fears that landlords’ income streams and ability to borrow cheaply to build new homes could be hit if the trend continues.  Liverpool-based Riverside Group said around half of its 6,193 affected households receiving full housing benefit have not paid anything at all to cover the shortfall, while a quarter contributed something but did not pay their rent in full. Just one in four affected tenants paid the full amount.  Read more on Inside Housing.

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