{"id":1129,"date":"2011-12-05T15:15:15","date_gmt":"2011-12-05T15:15:15","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=1129"},"modified":"2011-12-05T15:15:15","modified_gmt":"2011-12-05T15:15:15","slug":"debt-advice-could-save-landlords-50-million","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/debt-advice-could-save-landlords-50-million\/","title":{"rendered":"Debt Advice Could Save Landlords \u00a350 Million"},"content":{"rendered":"

\"New<\/a>

UK Landlords Urged To Offer Debt Advice Instead Of Eviction<\/p><\/div>A new study claims UK Landlords should seek debt advice in order to avoid evictions.<\/p>\n

The report by the Financial Inclusion Centre, commissioned by the Hyde Group, found that UK landlords could save more than \u00a350 Million in debt-related eviction costs through early intervention.<\/p>\n

Researchers found that, on average, landlords made a net return of \u00a3122 for every \u00a3100 spent on debt services.<\/p>\n

The savings could pay for 2,000 new affordable homes, based on the Homes and Communities Agency\u2019s funding regime.<\/p>\n

The report – Does debt advice pay? Calls for financial and debt advice to become part of a landlord\u2019s core service provision. At present landlords can seek to debt \/ rent recovery services<\/a>, but the researchers are recommending earlier action to prevent the landlord havoing to go to such lengths.<\/p>\n

The offering debt advice services is seen as crucial for landlords ahead of proposed changes to the benefit system in the government\u2019s Welfare Reform Bill, which will see an increase in rent arrears and therefore tenant evictions<\/a>.<\/p>\n

Landlords preparing for the challenges that the new Universal Credit system are being encouraged to promote financial well being, provide earlier support and take early and decisive action when problems escalate.<\/p>\n

UK tenants claiming benefits will need to manage their finances more independently than ever before.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new study claims UK Landlords should seek debt advice in order to avoid evictions. The report by the Financial Inclusion Centre, commissioned by the Hyde Group, found that UK landlords could save more than \u00a350 Million in debt-related eviction costs through early intervention. Researchers found that, on average, landlords made a net return of […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[137,188,208,209,56,6,210,132,211,102,107,140,147,99,212,134],"yoast_head":"\nDebt Advice Could Save Landlords \u00a350 Million - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/debt-advice-could-save-landlords-50-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt Advice Could Save Landlords \u00a350 Million - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"A new study claims UK Landlords should seek debt advice in order to avoid evictions. 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