Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About A week ago 115
Philip Hammond the Chancellor of Exchequer has announced the summer budget today, detailing some changes in the controversial flagship benefit Universal Credit.
Some, but not all of the concerns that have been highlighted in the press were addressed such as the wait for the claimants first payment will be cut from six weeks.
An additional £1.5 billion will earmarked for Universal Credit to cut the waiting period for payments and make it easier for claimants to receive an advance.
The seven-day waiting period will also be removed meaning that universal credit starts on the day that the claimant makes the claim and a full months advance can be accessed within five days of applying for universal credit.
Claimants will stay on Housing Benefit for the first two weeks of their Universal Credit Claim.
David Gauke, the Work and Pensions Secretary, will be outlining further details on changes in the Commons on Thursday, which I’m sure we all cannot wait to hear!!!
I would be interested to hear on what your thoughts are and what you are expecting to hear from David Gauke and whether you are happy with the announcement.
I personally think it is a step in the right direction as it was ridiculous claimants not being paid for the first 7 days of their claim this automatically put claimants in 7 days rent arrears and contributed to debt.
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