Generation Rent is wrong

Generation Rent is wrong

8:57 AM, 1st July 2020, About 3 years ago 1

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Generation Rent is wrong to argue that homelessness will treble due to rent arrears built as a result of the COVID-19 pandemic.

The analysis it has produced today wrongly assumes that landlords are doing nothing to support tenants to stay in their homes where rent arrears are building.

Independent polling for the National Residential Landlords Association of over 2,000 tenants across England and Wales found that 90% have been able to pay their rent as usual since the coronavirus crisis began. Most, 82%, had not needed to ask their landlord for any support. Of those that did ask, three quarters received a positive response.

The NRLA argues that this shows that concerns over a spike in evictions once the current ban is lifted are unfounded.

The same polling, conducted by Dynata, shows that three per cent of tenants said that whilst they previously had no rent arrears, they have had to reduce the amount they pay in rent since the COVID-19 outbreak began. One per cent of such tenants with no rent arrears prior to the pandemic said they had stopped paying their rent altogether. A further one per cent said that they had rent arrears building prior to lockdown, which have continued to increase.

Chris Norris, Policy Director for the NRLA said:

“Our survey reflects what we know from our members, which is that nearly all are seeking to support tenants to stay in their homes. Given that some 30% of landlords have reported facing some level of financial hardship, they will do all they can to sustain tenancies.

“That said we do support calls to boost the finances available to tenants who are struggling to pay their rent, especially as the furlough scheme begins to wind down. This should include ensuring that benefits cover the cost of rents.”

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18:20 PM, 1st July 2020, About 3 years ago

NRLA do great work for landlords, but I think this time they may be off. Voids in my portfolio have trebled and no sign of any income from my short let's this summer.
Gutting tbh, feel I'll be selling 2 apts to keep going, hopefully not too much in the red on my capital, at Christmas

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