Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
Last Week, the newly formed Landlords Alliance came up with a unique and simple solution, to help housing benefit tenants in to new homes. We proposed that Shelter act as guarantor for housing benefit tenants. It should be remembered that this £60 Million charity offers advice, but houses nobody.
They employ over 1000 and their CEO earns over £120k. Shelter therefore could very easily offer real and practical help by offering to bond tenants. £60 M equals 15000 bonds if each guarantee was worth £4K. Obviously the majority of these tenants are good decent people, therefore the bond would not be called in. Yes imagine 15000 families empowered .
Our plan was immediately supported by hundreds of landlords and even better Karen Buck Labour MP also supported us on twitter. We thanked Karen as support flooded in with emails from benefit tenants thanking us for supporting them. Imagine our surprise and horror, when this MP then deleated her support and blocked us. This is cruel and shocking. A few weeks short of Christmas, a plan to given thousands of benefit tenants a shouting chance of a new home and the MP who liked our plan, changes her mind and offers no explanation to these people. Was Shelter involved in her decision to recant?
Did she regret her support because it might have annoyed Shelter? Who knows. Shelter instead prefer to whine about discrimination against DSS tenants.
The reality is that Landlords must pay mortages. Benefit tenants rent is paid monthly in arrears,while private tenants pay in advance. Private tenants have deposits, while very often benefit tenants do not. Landlords decisions therefore, are not based on bias, but based on commercial reality. Agents also have faced the wrath and ire of Shelter, accused of discrimination for simply acting in the best interests of their clients.
The media meanwhile have acted disgracefully like vultures sweeping in to eat the carcasses of these vile agents. This atmosphere of negativity, bile and hate can be laid at the door of Shelter.
We stepped in to de escalate this crisis. Our solution provided security for landlords and tenants alike. Are Shelter saying that housing benefit tenants are not to be trusted? Our landlords are willing to give them parity of treatment with private tenants, if the bond was forthcoming. The rent delays, payments in arrears, no credit history etc would be overlooked. Our plan was scuppered.
Who blocked it and why? Surely these tenants who have had their hopes of moving dashed before Christmas, deserve an explanation. Finally we are not interested in excuses.
We again demand that this Charity stand as Guarantor for benefit tenants. To say they assist by offering advise, does not cut the mustard. It is shameful. Real support and action is what is needed.
We are waiting, our landlords are ready and waiting but most importantly thousands of tenants are waiting
What is Shelter doing ?
And Where is Karen Buck MP?
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