Where are benefit claimants most reliant on BTL?

Discount Landlord News - 10.5.16

 

Housing benefit is changing as a result of the introduction of Universal Credit with many landlords now more reluctant to take on tenants receiving housing benefits.

 

The new system means that tenants receive their benefits money directly which is causing frustration amongst landlords, according to new research by The Residential Landlord’s Association.

 

Further data from online estate agency Urban.co.uk has highlighted which UK towns could see the least and greatest impact from the Universal Credit changes, depending on the percentage of benefit claimants who are reliant on the private rental sector.

 

Areas with the highest percentage of claimants reliant on the private rental market:

 

Blackpool – 72% of the benefits receiving population (13,613 claimants)

 

Torbay – 68% of the benefits receiving population (9,114 claimants)

 

Tendring – 65% of the benefits receiving population (8,041 claimants)

 

Castle Point –  63% of the benefits receiving population (2,786 claimants)

 

Bournemouth – 62% of the benefits receiving population (10,454 claimants)

 

Areas with the lowest percentage of claimants reliant on the private rental market:

 

City of London: 2% of the benefits receiving population (19 claimants)

 

Shetland Islands – 37 = 4% of the benefit receiving population (37 claimants)

 

Islington – 10% of the benefits receiving population (2,899 claimants)

 

Aberdeen City – 10% of the benefits receiving population (1,489 claimants)

 

Southwark – 11% of the benefits receiving population (3,930 claimants)

 

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10th May 2016