You may have heard about the welfare reform changes that started in 2013. Many existing benefits are being abolished and replaced by a new benefits system.
Universal Credit system, a single means-tested benefit, will apply to all tenants who receive some or part of their rent through benefits.
But it is expected that over the coming years, landlords will face some confusion as the system is rolled out. With all benefit payments being rolled into one, tenants are expected to manage their monthly budget across household bills and living expenses with little support or guidance.
With a juvenile system in place, the Department for Work and Pensions will be under increased amounts of pressure to deliver fast solutions to time sensitive issues within an entirely new framework of compliance.
Universal Credit administration is much more complex than its predecessor for both tenants and landlords and problems are already being reported in areas where it has come into effect, according to Caridon Landlord Solutions, a dedicated service provider specialising in Universal Credit and housing benefit advice for private landlords, letting agencies and housing associations, by helping them mitigate any potential rental losses and adapt to the new changes under the welfare reform.
“Our team have extensive experience in helping tenants and landlords who have UC related issues,” said Sherelle Collman, commercial business director at Caridon Landlord Solutions. “We can resolve even the most complex situations that arise from this new system.”
She added: “In addition we offer a range of competitively priced services throughout the tenancy process, providing invaluable support and access to expert guidance on a range of issues from non-payment of rent and historical debt collection to tenant disputes and the latest landlord legislation.
“We would advise landlords to educate themselves and make themselves familiar with the changes to the Welfare Reform and if they encounter a situation that they are not familiar with then to speak with experts within the industry as Universal Credit is here to stay.”
Caridon Landlord Solutions will be exhibiting at the Property Investor & Homebuyer Show under Caridon Group, along with Caridon Developments, Caridon Property and Caridon Living, this week.
A representative from Caridon Landlord Solutions will also be taking part in a panel discussion, Managing Welfare Reform.
The Property Investor & Homebuyer Show, the UK’s most comprehensive property exhibition, takes place at London ExCeL on 28 and 29 April and is free to attend. However, all visitors are required to register before entering the hall. To avoid the queues on visit day, you can register online now by clicking here.