THE leader of a support group for Merseyside landlords is warning of a drop in income in the sector after new rules came into force.
On April 1, the Government introduced reductions in housing allowance rents payments for many DSS tenants and a nationwide capping of DSS rental levels.
Richard Globe, of the Wirral-based Property Landlord Support Group, is warning that many landlords may be unaware of the sudden fall in income they are about to experience.
He said: “Expenditure items likely to be at risk are mortgage payments, property repairs, Energy Performance Certificates and electrical and gas safety checks.
“Landlords who are not prepared to lower their rents must approach DSS tenants as soon as possible and ask for a top-up.
“If tenants are unable to pay any extra top-up rent, then regrettably landlords will have no option but to let them go.”
Mr Globe will offer advice and information to landlords about the changes. Call 0151 639 6253, 9am to 8pm, Monday to Friday, or email him at richardglobe@gmail.com
