The recent Spending Review unveiled by the Chancellor earlier this week delivered yet another blow to Landlords and Tenants alike as they both struggle with rent arrears caused by the financial hardship of the pandemic. Tenants receiving Universal Credit benefits will now find it much harder to claim rent allowance as the letting’s fallout is less buoyant than the Chancellor first suggested to MPs'
The current LHA (Local Housing Association) rate was set in April this year aimed to to help renters whose incomes had been affected by the pandemic to meet the cost of their rents, but in an angry statement, the NRLA (National Residential Landlords Association) said “Given that most landlords are individuals and not property tycoons, it will become increasingly difficult to keep affected tenancies going without adequate financial support to pay off rent arrears.”
Almost three million people have been excluded from any government support, and many are struggling to pay rent and bills. A recent analysis by the Joseph Rowntree Foundation suggests that five per cent of households in the private rental sector are in arrears, and 30 per cent of all private rented households are worried about paying their rent in the coming three months.
The NRLA added, “The vast majority of private landlords have done everything they can to support struggling tenants.” NRLA chief executive, Ben Beadle said, “Many renters and landlords are struggling with the consequence of rent arrears and once again the government is failing to address and take action".
ExcludedUK is a non profit grassroots NGO founded to provide a platform for those denied fair and adequate financial support from the Governments COVID-19 Support schemes since the pandemic began in March. With a community of over 60,000 members across all industries, age groups and regions, we estimate that three million UK tax payers have been excluded from the same support as others, which has lead to thousands of people losing their livelihoods, careers, and homes, and sadly, for some, their lives.
ExcludedUK has been fundraising to provide urgent help and support for those affected in the forms of business and career advice, debt support and 121 counselling sessions within 48 hours. Please find more information on our website www.excludeduk.org.