This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
A new report has indicated that more young people are in receipt of housing benefit in the private sector in comparison to the social.
Statistics show that there are 182,120 recipients of housing benefit under 25 in the private rented sector. In comparison, there are 94, 280 in the social sector. Worryingly, the Prime Minister has claimed that this benefit will be cut for tenants under the age of 25, in order to save the Government almost £2 billion per year.
In excess of 1.6m tenants claiming housing benefit live in the private rented sector. Interestingly, more than 3.3m people receiving the same benefit reside in the social sector.
Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources.
When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.
Just Landlords is a trading name of Arthur J. Gallagher Insurance Brokers Limited, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909
Website by Ampology Digital