![\"Landlords](\"http:\/\/blog.legal4landlords.com\/wp-content\/uploads\/Universal_Chaos.jpg\" "\\"Universal_Chaos\\"")
<\/a>Landlords Still Concerned Over Impact Of Universal Credit<\/p><\/div>\n
UK landlords are concerned about <\/span>
\nthe impact Universal Credit<\/span>
\nwill have on the private rented sector<\/span><\/h2>\n70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA).<\/p>\n
75% of Landlords with larger property portfolios (20+ rental properties) are the most anxious about the benefit changes, fearing the worst when it comes to the impact of Universal Credit on the private rental sector.<\/p>\n
David Salusbury, Chairman of the NLA said \u201cLandlords are understandably concerned about the impact of Universal Credit, particularly as the London trials have seen deductions from Local Housing Allowance (LHA) payments to cap a household\u2019s overall benefits package. The cap effectively takes away the money intended to ensure rent is paid. It is essential that landlords work with their tenants now to ensure those who are unsure about the impact of the changes are actively seeking advice on budgeting for monthly payments. Landlords could end up in financial difficulty if tenants struggle to manage their monthly incomes and fail to pay their rent.\u201d.<\/p>\n
In April 2013, Southwark Council, pilot area for the introduction of the Universal Credit scheme, had already seen rent arrears increase dramatically since the scheme\u2019s introduction.<\/p>\n
Sim Sekhon, director of Legal4Landlords.com<\/a> fears Universal Credit would lead to many landlords being left out of pocket, stating: \u201cEver since the Local Housing Allowance changed so that tenants would be paid directly, there has been a problem, but Universal Credit will create even more of a problem.\u00a0Landlords are becoming more\u00a0hesitant to rent to tenants on benefits, unless they\u2019ve got a solid working, home owner to act as a guarantor or they pay the rent upfront. People on benefits are going from being drip-fed their money weekly to being given it in a lump sum every month, which they just can\u2019t manage properly. Around 60% of the tenants evicted by Legal 4 Landlords in 2012 were claiming housing benefit and they didn\u2019t prioritise their rent payments \u2013 they pay other bills first and their rent is their last priority\u201d .<\/p>\nLegal 4 Landlords want to hear from landlords who are worried about the impact that Universal credit will have
\non their rental property business.<\/span> Please leave\u00a0your comments below<\/p>\nRead the original post By Emily Spaven<\/a> 12th June 2013
\nhttp:\/\/www.buytolet.com\/landlords-concerned-about-universal-credit\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 UK landlords are concerned about the impact Universal Credit will have on the private rented sector 70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA). 75% of Landlords with larger […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[197,1990,635,384,1189,1707,368,1291,190,56,828,395,369,1991,370,89,283,133,964,276,1654,118,1992,154,144,95,26,107,1993,205,797,90,1994,134,1995,373,135],"yoast_head":"\n
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Legal 4 Landlords want to hear from landlords who are worried about the impact that Universal credit will have Read the original post By Emily Spaven<\/a> 12th June 2013 \u00a0 UK landlords are concerned about the impact Universal Credit will have on the private rented sector 70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA). 75% of Landlords with larger […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[197,1990,635,384,1189,1707,368,1291,190,56,828,395,369,1991,370,89,283,133,964,276,1654,118,1992,154,144,95,26,107,1993,205,797,90,1994,134,1995,373,135],"yoast_head":"\n
\non their rental property business.<\/span> Please leave\u00a0your comments below<\/p>\n
\nhttp:\/\/www.buytolet.com\/landlords-concerned-about-universal-credit\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"