Landlords & Agents - Why HAP?
- HAP landlords are paid monthly by Local Authorities on a tenant’s behalf
- +99% rent payment rate
- All payments are made electronically, no rent collection necessary
- HAP payments are made regardless of a change in tenant income
- As of 1 January 2016, landlords who rent to tenants in receipt of social housing supports like HAP may avail of increased tax relief - allowing property owners to claim 100% relief on their mortgage interest, as an expense against rental income.
- No up-front private rental standards inspections or tax compliance checks - both can follow after the tenancy and the rental payments have started, if required.
The Housing Assistance Payment (HAP) scheme is a local authority-provided social housing support that works for landlords, agents and tenants alike. Introduced first in 2014 and available nationwide since earlier this year, HAP provides housing assistance for households that qualify for social housing support, as well as many long-term Rent Supplement recipients. Approximately 18,000 different landlords and agents are already participating in the scheme, including hundreds of letting agents.
HAP is particularly attractive for low income households, as they can work full time and they pay the local authority a weekly rent contribution based on their ability to pay. Local authorities can suspend or eventually stop payments for non-payment of rent by the tenant. However, the risk of non-payment occurring is low. The HAP team work very closely with tenants to make sure that they pay their rent on time.
With a single point of contact for all payment queries, no HAP rent collection responsibilities and consistent rental payments made by local authorities, HAP is an easy and efficient scheme to participate in.
In 2016, HAP had a 99% rent payment rate
Find out more about becoming a HAP landlord by contacting your Local Authority