Sector could face £220m rent arrears spike due to benefit payment period 'mismatch', Housemark warns

Money

The housing data specialist has urged RPs to address the gap between housing benefit payments and ‘rent weeks’ this year

Housemark has warned that social landlords need to work with tenants to address the mismatch between housing benefit payments and rents this year.

The housing data and insight company has projected a potential sector-wide increase in rent arrears of £220m as a result of this mismatch.

Several landlords and housing sector trade bodies have pointed out that tenants receiving Universal Credit will need to pay one week’s rent from other sources of income this year.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now