Housing Committee says, "Introduce financial package for Tenants 💰"... The UK Government says... 🤔 Download 16-page response below! 📩

On Monday, the UK Government responded to the Housing, Communities and Local Government Committee’s report on how best to support the Private Rented Sector (PRS) during the pandemic 🆘

Here are a few of the recommendations put forward:

✅ Deliver a specific financial package to support Tenants to repay rent arrears
✅ Introduce the Renters’ Reform Bill
✅ Temporarily boost funding to discretionary housing payments to meet the needs of thousands of households who are receiving no extra income

📢 The Government reiterates measures introduced to support PRS throughout the pandemic. Including:

ℹ Stay on evictions and extended notice periods
ℹ Civil procedure rules
ℹ Additional spending on housing benefits
ℹ The Furlough Scheme

💰 On rent areas, the Government says:

ℹ Most renters are up-to-date with payments
ℹ Two thirds of those in arrears are less than two months behind

🔍 Full article here: https://lnkd.in/d_GWUf9

🔍 Download 16-page response in full here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/988469/Impact_of_covid_on_homeless_and_PRS_WEB.pdf 

💬 Comment and analysis:

Not sure where the Government are getting their rent arrears information from?! Last time I checked, there were over 500,000 Tenants behind in rental payments 🆘

So many measures have been brought in to save businesses but there has been a serious lack of support for Landlords and Tenants throughout the pandemic, and the longer it goes on the worse the Rent Debt Crisis is going to get ⚡

I agree with the coalition of rental groups below - current short-term action is welcome, but we urge the Government to provide extra for Tenants and Landlords because clearly, they are finding it harder and harder to make ends meet ❌

Propertymark ARLA Propertymark The Big Issue Citizens Advice Joseph Rowntree Foundation (JRF) Money Advice Trust The Mortgage Works (TMW) Nationwide Building Society StepChange Debt Charity Shelter UK

🙋‍♀️ Need further information on investing in the Private Rented Sector? Contact us for the best advice 🥇

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#cavendishexperts #ukgovernment ARLA Propertymark Timothy Douglas #property #landlordsuk Robert Jenrick Rishi Sunak National Residential Landlords Association - NRLA Generation Rent UK

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