HOUSING The Potential Impact of Welfare Reforms on

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HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income Dominic Norwell

HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income Dominic Norwell & Myra Dicken

HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income • Universal

HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income • Universal Credit - The first week of any new claim is forfeited, claimants do not receive payment for minimum of 5 weeks, direct rent payments. • The change to the benefit cap Autumn 2016 • Housing benefit backdate – from 1 st April 2016 maximum backdate reduced from 6 months to 1 month • DLA to PIP

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • Universal

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • Universal Credit - Will not be paid on 2 properties even if there is a contractual obligation. • In Medway approximately one third of tenants will be subject to Universal Credit awards to supplement their income to pay their rent.

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income Medway Council

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income Medway Council – HRA - March 2016 • 21 void properties • 3 homes for independent living, 5 Mutual exchanges • Weekly rental income for remaining 13 properties £ 1071. 69 • 44% general needs rent is paid by Housing Benefit £ 471. 51 Potential FTA debt in March 2016 if tenants were in receipt of UC £ 1886. 10

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • This

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • This forms the basis of our presentation to discuss how we as partners can minimise the risk presented to us by the notice period issue. • How can we work together to avoid the impact of the loss of dual housing benefit. • Short notice lettings make the notice period difficult to predict – void turnaround pressures

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • Open

HOUSING The Potential Impact of Welfare Reform on a Housing Landlords Income • Open discussion

HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income Dominic Norwell

HOUSING The Potential Impact of Welfare Reforms on a Housing Landlords Income Dominic Norwell dominic. norwell@medway. gov. uk & Myra Dicken myra. dicken@medway. gov. uk