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Last weekend  the Guardian ran a piece about social landlords response to Universal Credit. They want their tenants – and note the possessive language they always use their tenants, which is why a tenant can never be a customer as they are captive and can’t move – to make additional rent payments to be one month in advance, writes Joe Halewood.

Let me put that into some perspective reader as aside from tenants struggling to even keep up with rent due to the bedroom tax and benefit cap and a range of other welfare cuts this would mean the UK’s housing associations sitting on about £1.68 billion of tenants money.

4.2 million rents at an average of £400 per calendar month is £1.68 billion which is what social landlords want to squeeze out of their tenants.

Notwithstanding the fact that the vast majority of tenancy agreements are weekly tenancies and tenants need to be a week in advance, social landlords are seeking to squeeze the tenants for a further 3.33 weeks of rent between now and UC coming online or in other words paying lip service to their own tenancy agreements as legally binding contracts!

£1.68 billion!

Read the rest on SPeye Joe’s blog.

Follow me on Twitter: @MidWalesMike

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