Pensioner Tenants - can Landlords do more?
With the Winter Fuel Payment debate raging on, it is likely that many pensioners may find themselves without the financial assistance they have previously relied on to keep warm during the colder months. The UK government will limits the Winter Fuel Payment to pensioners who receive means-tested benefits, such as Pension Credit. This shift could leave around two million pensioners without this vital support.
With an estimated 800,000 Pensioners living in private rented accommodation, Landlords in the private rented sector should consider how these changes might affect their older tenants. Rising energy costs are already a concern, and without the Winter Fuel Payment, pensioners may struggle to pay their bills. This financial strain could increase the risk of rent arrears, particularly among tenants living on fixed incomes.
To mitigate these risks, landlords can play a proactive role by encouraging pensioner tenants to check their eligibility for Pension Credit. Around 850,000 pensioners who qualify for this benefit are not currently claiming it, often due to a lack of awareness or misconceptions about eligibility. Assisting tenants in understanding and accessing these benefits could help them secure the Winter Fuel Payment, which remains crucial for managing living costs.
By taking these steps, landlords not only support their tenants in staying warm and healthy but also protect their own financial interests by reducing the likelihood of rent arrears. Encouraging pensioner tenants to apply for Pension Credit can be a win-win situation, ensuring that both parties are better prepared to handle the financial challenges of the coming winter.
Click HERE for more information on Winter Fuel Payments from Age UK