Benefits tenants missing out on homes due to Osborne’s tax changes
According to a survey by the National Landlords Association (NLA), tenants on housing benefits could miss out on rental homes as landlords aim to minimise the impact of tax changes to the Private Rented Sector (PRS). Landlords typically view tenants on benefits as ‘riskier’ as they search to find tenants who are less likely to miss rental payments. The survey reported that in the last year, 64% of landlords with tenants in receipt of housing benefit experienced rent arrears. It also claims that just 20% of landlords let to tenants on benefits during the first quarter of 2016, down from 36% in Q1 2012.
Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2016/5/landlords-avoiding-benefits-tenants-due-to-osbornes-tax-changes