 Information
for private and council tenants who find themselves in a financial
crisis?
In the event of an unexpected emergency or circumstance that
prevents a private or council tenant from meeting their existing
financial commitments such as household and food bills, the UK
government are currently offering crisis loans for tenants.
Provided certain eligibility criteria have been met an interest
free tenant loan maybe offered from the Social Fund, there is no
restriction on the amount that can be applied for. If the loan
application is successful there will be an agreement between the
provider and the tenant regarding the payment term of the loan. This
should confirm when repayments are to be made to ensure that the
full amount is paid back. As with any type of loan offered the
provider will assess your ability to afford the repayments,
therefore, you maybe asked to confirm weekly or monthly income and
outgoings.
To qualify for a tenants crisis loan applicants must be 16 or
over, provide evidence of a shortfall in finances following the
emergency and confirm that without such a loan there will be
consequences to your family’s health or safety. Alternatively, if
you are in receipt of the Community Care Grant and are aged 16 or
over, you may qualify if you require funds to relocate from
institutional or residential accommodation to rent from a non
council authority such as a private landlord.
Further
help for tenants
To apply for an emergency tenant loan or seek further information
contact either an advisor at Jobcentre Plus, or, your local social
security office. All applications are assessed on their individual
merits. Visit this link
Emergency loans for tenants for more information. If you don't
qualify for an emergency loan and have a bad credit history, are
unemployed, or claiming benefits you can apply for a tenant loan on
the right.
Please Note! YOUR
HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR
OTHER LOAN SECURED ON IT. ALL SECURED OR UNSECURED LOANS ARE SUBJECT
TO STATUS. SECURED LOANS ARE SECURED ON PROPERTY.
© uk-property-business-plan.co.uk
Resources Resources2 IT IS
IMPORTANT THAT YOU READ ALL THE LEGAL NOTICES
ON THIS WEBSITE.
Please note, the services and information on this site do not
constitute any form of advice or recommendation by UK Property
Business Plan and are not intended to be relied upon by users in
making any order or purchase. Appropriate independent advice should
be obtained before making any such decision. |
