Dynamic Property Group - Universal credit

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Universal Credit   


Universal credit has been implemented nationwide as an amalgamation of 6 stand-alone benefits for people on a low income or out of work. Most importantly in the property sector this includes the housing benefit element.
With universal credit the claimant receives 1 monthly payment and are responsible for managing their finances from this. There are very limited circumstances in which the “rent” element can be paid direct to the landlord or agent therefore it is vitally important the tenancy is set up in a way that is sustainable and with proper checks in place.

From a landlords perspective this now means that instead of dealing directly with the local authority to claim housing benefit we are now forced to deal with the DWP which poses additional challenges in its own right. More significant is the fact payments are made directly to the claimant therefore there is an increased risk of rent not being paid. That said when proactively engaging with tenancies and safety measures in place this can be a lucrative rental market well worth considering.

Further details regarding Universal Credit 

What is Universal Credit?

Universal Credit

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I had my investment rental property in Bishop Auckland being managed by Dynamic for many years and I am pleased to say, Dynamic team have been fantastic, responsive, friendly, accommodating yet professional and at times have gone above and beyond to help client like me. Strongly Recommend !

Grish K

Viewed a property today with Sophie. She was great and very informative. Explained how to apply and gave us tips to get it through fast as we are in need to get somewhere soon. Recommended

Hannah Wilson