Tenants In Rent Arrears Is Increasing
50,000 Council Tenants In Arrears
According to new figures released by Shelter, the housing charity, more and more council tenants are struggling with rent payments and going into arrears. Most of the arrears have been put down to the bedroom tax that has been introduced by the current government. The arrears have also been attributed to the low-income growth and the rising price of fuel.
With the current strain on incomes the outlook is bleak for tenants that are struggling to make ends meet. Current figures suggest that 1 in 3 tenants are in arrears and data collected shows the number of tenants in arrears has reached 50,000. None of these tenants were in arrears before the changes came into force.
£1 In Every £3 Spent On Welfare Payments
The government is trying to reduce the amount of money that is spent on welfare. Welfare payments account for £1 in every £3 that is spent. The government has said that the taxpayer will save £505m for 2013 -14 and £540m the year after. There have been calls from the Labour party to scrap the bedroom tax as it is unjust. Ed Milliband has promised to scrap the tax if they get elected.
Please tell us if you are looking to sell any type of unmodernised property in London