Let the gravy train take the strain!

Emailed in by Lola, from Mortgage Solutions:

Chris Norris, head of policy at the National Landlords Association, gives an insight into landlords' concerns over Universal Credit...

"If the government wants to see the private-rented sector continue to take the strain of housing welfare recipients there are a number of issues which must be addressed to ensure that investment is viable and we do not see the development of an exploitative sub-prime market.

The NLA hopes that the government will respond to our requests to guarantee regular rental payments to landlords if a tenant defaults after two months and to ensure Universal Credit is linked in market rents before its rollout. The NLA also asks that mortgage providers look to lend to landlords of all tenants, irrespective of where they derive their income."