Pressure On Social Landlords Set To Rise As Universal Credit Rolls Out

Housing officers will need to collect an additional £7.268bn each year because of welfare ‘reform’. New research by Mobysoft – a provider of rent collection software to the social housing sector – says rent being collected directly from tenants by housing officers will increase by 63.1%, on average. The study – which covered around one third of the UK’s social housing stock, – equates that percentage increase to an additional £7.268bn being collected nationally each year following the full roll-out of Universal Credit. Social landlords, already hit by a compulsory 1% rent cut until 2020, will be required to allocate additional resources to collection services and manage the cash flow implications of increased rent arrears. Read more on 24housing.

http://www.24housing.co.uk/news/pressure-on-social-landlords-set-to-rise-as-universal-credit-rolls-out/