In the last two years, arrears to councils and housing associations have gone up by £23m
for social rented homes as the cost-of-living crisis hits people’s incomes.And it is expected to get more serious as the report by the housing regulator noted:"Tenants and their families are facing an incredibly difficult and worrying period ahead."Almost one in three tenants said they are having difficulty paying their rent and other housing costs, but with costs rising seven out of ten said they were worried about affording the rent in the future.
“The support and advice provided to tenants by social landlords, alongside Government initiatives to support households financially, has undoubtedly helped to mitigate the scale of increases in rent arrears as a result of the impact of the pandemic. There is a rent freeze until the end of March next year, but rents in the social sector would not be set for 2023/24 until April 1.
It added: “It is clear that the forthcoming annual rent setting exercise, and potentially those for some years to come, is likely to be the most difficult that social landlords have faced, in which they will need to consider rising costs and inflation while recognising the financial hardship that is a reality for many of their tenants and a heightened potential for Government intervention in rent setting.
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