Greater Manchester landlords to launch new initiative

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Landlords in Greater Manchester are looking to set up a new form of banking to help out tenants that could be hindered by reforms to the welfare system.

Officials behind the project are due to work with local creditors to create new accounts that will assist those that may be hit hard in the current ‘jam jar’ services that are offered in the private sector, Inside Housing reports.

Universal credit is due to be piloted in the north-west in April 2013 prior to a full roll-out in October, replacing the means-tested benefit scheme and could cost tenants up to £12 a month.

However, the group which includes Bolton at Home, Northwards Housing, New Charter, Rochdale Boroughwide Housing and Wigan & Leigh Housing wants to offer a ‘rent direct’, which will aim to help people avoid falling into arrears.

It comes at a time when the price of rent is rising with a latest report from LSL Property Services putting the average rate at £741 a month.

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5th November 2012