LETTING & ESTATE AGENT

Universal Credit - what happens next?

Universal Credit - what happens next?

This contentious change to the benefit system creates front page news but Martin & Co Derby are planning to provide support for landlords

 

Universal Credit is a new type of financial support for people of working age who are looking for work or on a low income. It's currently being tested in a limited number of Job Centres and is designed to be a new simpler, single monthly payment for people in or out of work, it merges together some of the benefits and tax credits that they are currently eligible for, for instance, Jobseekers Allowance, Child Tax Credit and in particular Housing Benefit.

 

Martin & Co Derby are planning, well in advance of other local letting agencies, how they can best ensure full provision of rentals due and offer protection for their landlords. Martin & Co Derby are working closely with Housing Options and the Credit Union to develop a mechanism to help ‘ring fence’ housing benefit and assist tenants with their budget management, ensuring rents are prioritized.

 

Dave McKnight of Martin & Co Derby commented, ‘Our knowledge of the local rental market and great working relationship with Housing Options Derby means we can pre-empt any changes or developments in housing or benefit legislation with forward planning to ensure protection for both our landlords and tenants. Our aim is to be the lettings agency of first choice within Derby and our experience and offer genuine support for tenants working within the benefits system and their landlords ’

 

Link to the latest news:  http://www.theguardian.com/politics/2013/sep/05/david-cameron-24bn-universal-credit-problems