80,000+ tenants heading for the PRS

80,000+ tenants heading for the PRS

One in three council tenants have been pushed into rent arrears and are now facing eviction, since the introduction of the controversial “bedroom tax”.

Figures provided by 114 local authorities across Britain after Freedom of Information (FoI) requests by the campaign group False Economy show the impact of the bedroom tax over  its first four months. The total number of affected council tenants across Britain is likely to be much higher than the 50,000 recorded in the sample of local authorities that responded to the FoI.

Seperate research via the National Housing Federation also reveals that at least another 30,000 people living in housing association properties have also fallen behind on their rent payments since April, with potentially tens of thousands more also affected.

What with the extreme shortage of council properties, coupled with our exclusive Tenant Alert Statistics (which now stand at just over £1million worth of live alerts uploaded in 2013 alone) these are glaringly obvious reasons why private renting landlords and letting agents, right across the UK, need to understand the importance of Lifestyle Referencing their applicant tenants.

By combining Lifestyle Tenant Referencing and our unique Tenant Alerts with the traditional credit check we can reward the good tenants out there and penalise the bad ones.

We are also extremely happy to announce that since the introduction of our new “Lifestyle Credits System” we have experienced an influx of Landords and Agents uploading their existing and previous good tenants, where they can now receive 2 credits (£2) for each upload.

Good tenants also need to realise that our tenant portal TenantCred is of great importance to those that have/have had a bad credit history but maintained and established themselves as being a good tenant throughout the problems they’ve experienced.

Prevention is better than cure – so join LRS (free) today and don’t take anyone else’s bad tenant and provide your best tenants with great references.

Author: News @ Tenant Referencing

Keeping you up to date with landlord and property topics. Send in your story to media@landlordreferencing.co.uk

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