Private Rent Debts Central Housing Group

Private Rent Debts Double During Pandemic

The proportion of private rent debts in England has more than doubled during the COVID-19 pandemic according to the latest Housing Resilience Study.

These statistics reveal that in April-May 2021 seven per cent of private renters were in arrears, up from three per cent in 2019/20. This amounts to over 780,000 renters.

An extra nine per cent indicated that they expected to fall behind with their rents over the next 12 months. This comes despite private rents having fallen in real terms.

With over a quarter (27 per cent) of private renters having reported difficulties in meeting their heating costs in the same period, the National Residential Landlords Association is warning that with rising bills now adding to their burden, many renters will struggle to pay off COVID related rent debts.

Responding to the release of this data Ben Beadle, Chief Executive of the National Residential Landlords Association, said:

“Landlords are being put in a difficult position. They either try to shoulder rent debts they cannot afford or seek to repossess properties as a final resort.

“Without a targeted package of support to pay off COVID rent debts, many tenants run the risk of losing their homes needlessly. They also face the possibility that their credit scores will be damaged, making it more difficult to access new housing in future.

“The Chancellor needs to address this crisis. His continued failure to act signals to the private rented sector that the Government simply does not care about the problem.”

Blog Post from NRLA

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors



Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48

 

Social Media Auto Publish Powered By : XYZScripts.com
Google Rating
4.8
Based on 110 reviews
js_loader