Benefit change could result in housing crisis
LANDLORD Assist is concerned that the growing number of landlords refusing to accept tenants in receipt of housing benefit could have drastic consequences on the social housing sector.
The nationwide tenant referencing and tenant eviction firm believes the introduction of licences in some areas, combined with a reduction in housing benefit payments received by tenants, is forcing many landlords to leave the sector.
Stephen Parry, commercial director, said: "A number of local authorities have introduced licensing schemes for landlords whereby they are required to pay a significant licence fee for the ability to rent their property. As a result, many landlords are now diverting their attentions to other areas of property investment.
"Local authorities have also reduced the amount of housing benefit that some people are entitled to, which could lead to an increase in rent arrears for some landlords and a growing disparity between the amount a housing benefit tenant can pay and the market rent.
Landlords let us advertise your property and find you vetted tenants quickly. Our let only service is £195.
We offer full management services as well as rent guarantee and rent advance. Call us
Terms: No hidden charges, you will be informed of all costs in advance. The letting agency you can trust.
Contact: 0115 8969582
Valid until: Sunday, June 30 2013
"Not surprisingly, due to a lack of supply of rented accommodation in the private rented sector, landlords now feel less reliant on housing benefit tenants to fill their properties. This is simply the harsh reality, but the net result could potentially be a deep housing crisis as local authorities have little available accommodation and are not building enough new properties to satisfy demand."