Landlords and elderly tenants at risk
“News this week that the new Universal Credit, which replaces Housing benefit from 2013, will be paid directly to tenants is a huge financial blow for landlords – placing them at financial risk and ultimately making social tenants vulnerable to eviction should their rent fall in arrears” says Peter Girling, Chairman of Girlings Retirement Rentals
Peter continues: “Many social tenants do not have bank accounts and according to a report from Inside Housing last year, nine out of 10 of tenants would prefer their housing benefit paid directly to the landlords.
“This government’s laissez-faire approach and view ‘that it’s up to them to pay their rent’ is totally naïve. It will see many tenants spiral into debt and landlords left to foot the bill. In the first quarter of this year, there was been a 16% rise in homelessness and I fear these housing benefit changes will only exacerbate this problem.
Read the full story at PropertyTalkLive
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