LATEST: NRLA reveals latest plan to help tenants and landlords clear rent arrears

The National Residential Landlords Association (NRLA) says its proposed government-guaranteed hardship loan scheme to help pay off ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - LATEST: NRLA reveals latest plan to help tenants and landlords clear rent arrears | LandlordZONE.

LATEST: NRLA reveals latest plan to help tenants and landlords clear rent arrears

The National Residential Landlords Association (NRLA) says its proposed government-guaranteed hardship loan scheme to help pay off Covid-related rent arrears in England will prevent evictions and save tenants money.

The government has so far ruled out introducing a similar scheme to those running in Scotland and . But the NRLA believes its plan wouldn’t increase debt for tenants, but would simply transfer the existing debt from the landlord to the loan scheme.

Making it interest-free would reduce the debt compared to borrowing from other lenders who would charge interest.

It suggests that eligibility should be based on whether a household was able to meet a standard affordability assessment before March 2020.

Student style

Repayments would then be made in line with the recovery of the tenant’s income using a similar model to that used for student loan repayments.

The NRLA also believes that there is an urgent need for the courts to speed up the way they handle legitimate possession cases and that in future the process should be ‘digital by default’ unless there are clear reasons why this would not be appropriate.

Its new report on the state of the PRS warns that without financial support to tackle Covid-related rent arrears, Chancellor Rishi Sunak is forcing landlords into a corner; they either have to accept continuing to receive no income or resort to repossessing their property.

Most landlords (60%) feel their rentals business will be negatively affected as a result of the pandemic, with 34% saying their has been impacted.

Chief executive Ben Beadle (left) says: “Landlords want to sustain tenancies wherever possible, but without the support so many desperately need, the Chancellor will need to accept the tragic costs of his failure to act.”

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - LATEST: NRLA reveals latest plan to help tenants and landlords clear rent arrears | LandlordZONE.

Source : Landlord Zone More   

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Pioneering city-wide project asks private tenants to shape future of local housing

Tenants have been asked to sign up to a pioneering initiative in Glasgow to get their views ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Pioneering city-wide project asks private tenants to shape future of local housing | LandlordZONE.

Pioneering city-wide project asks private tenants to shape future of local housing

Tenants have been asked to sign up to a pioneering initiative in Glasgow to get their views on reforming the private rented sector.

In partnership with TIS (Tenants Information Service), Glasgow City Council has launched a tenant-led housing commission and wants tenants to join the board and help to shape the future of Glasgow’s housing.

Councillor Kenny McLean (pictured), city convener for neighbourhoods, housing and public realm, says it offers the council a chance to consider the issues facing many people in the private sector, and recommend actions to tackle these issues.

He adds: “A key condition of the establishment of the commission is that most of the people sitting on it will have experience of being a tenant in the sector in the city, and this lived experience will be a great benefit in reflecting the reality of the situation and making the necessary recommendations.”

The commission will investigate the extent of the PRS and how it meets different housing needs and demand and will engage with key stakeholder groups and the public to gather evidence.

It also plans to set up a robust monitoring and evaluation framework for private rented housing across that addresses the issues of housing supply, choice, rents and affordability. Its final report will make recommendations for reforms to improve the sector and inform Glasgow’s housing strategy.

Tenants have until 2nd July to apply for the voluntary roles:  

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Pioneering city-wide project asks private tenants to shape future of local housing | LandlordZONE.

Source : Landlord Zone More   

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