Landlords wary of Universal Credit
According to the latest research* from the National Landlords Association (NLA), landlords remain concerned over the impact of Universal Credit on the private-rented sector.
70 per cent of landlords who let to tenants in receipt of Local Housing Allowance (LHA) are worried about the implications of the welfare changes.
In addition, nearly half (43 per cent) of all landlords are concerned about the changes.
The relationship between portfolio size and concern over the impact of Universal Credit is clear; those with larger property portfolios are most anxious:
75 per cent of landlords with 20 or more properties are concerned about the impact of Universal Credit
55 per cent of landlords with 11-19 properties are concerned about the impact of Universal Credit
43 per cent of landlords with 5-10 properties are concerned about the impact of Universal Credit
32 per cent of landlords with 2-4 properties are concerned about the impact of Universal Credit
30 per cent of landlords with 1 property are concerned about the impact of Universal Credit
David Salusbury, Chairman of the NLA, says:
“Landlords are understandably concerned about the impact of Universal Credit, particularly as the London trials have seen deductions from Local Housing Allowance payments to cap a household’s overall benefits package. The cap effectively takes away the money intended to ensure rent is paid.
“The knock-on consequence is that landlords, particularly those who specialise in letting to tenants in receipt of housing support, could themselves face difficulties if tenants struggle to manage their monthly incomes. 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.”
For more information on the imminent changes to the welfare system, visit http://www.landlords.org.uk/news-campaigns/campaigns/welfare
*712 online interviews. Fieldwork took place 22nd March – 10th April 2013
For further information, please contact:
PR Executive, NLA
020 7820 7903
NOTES TO EDITORS:
The National Landlords Association (NLA) is the UK’s leading organisation for private-residential landlords. It has over 20,000 paid members, ranging from full-time landlords with large property portfolios to those with just a single letting. NLA membership helps landlords make a success of their lettings business by providing a wide range of information, advice and services. The NLA campaigns for the legitimate interests of landlords by seeking to influence decision-makers at all levels of government and by making landlords’ collective voice heard in the media. It seeks to raise standards in the private-rented sector while aiming to ensure that landlords are aware of their statutory rights and responsibilities. Based at its head office in Central London, the NLA currently employs over 40 full-time staff and has a network of more than 40 regional representatives and branches throughout the UK.