Friday, 12 January 2018

‘True Impact’ Of Universal Credit On The Rental Market

Research finds 73% of landlords still lack confidence in renting to tenants on the benefit due to uncertainty that they will be able to recover rent arrears. Brandon Taylor from Lowestoft provides homes to rent to around 130 Universal Credit claimants, of which 70% are struggling to pay their rent in full and on time. In one extreme case, a tenant who was on Universal Credit accrued £2,848 in rent arrears. When he has applied for Alternative Payment Arrangements, Taylor has found requests to the DWP have been ignored. Taylor warns that landlord confidence in UC has been damaged and that it will take years to regain that confidence back. Read more on 24housing.

No comments: