Tips for getting financial help for renters from leading finance company Yes Finance.
Tips for getting financial help for renters from leading finance company Yes Finance.
Post: August 13, 2020
Keeping a roof over your head is, unfortunately, more difficult these days.
According to a survey from Wellington-based Renters United two out of every three renters had reported that their income dropped by more than a third.
If you are one of these renters, you are not alone and there are avenues of support that can help you get through these difficult times. The leading finance experts Yes Finance have outlined below where you can get help.
Financial Support
People who have lost their jobs or had their income reduced can go to the Ministry of Social Development and apply for different kinds of financial support.
Renters, in particular, should apply for the accommodation supplement. “The accommodation supplement is a grant that you can get on top of other benefits which helps people with their rent or board,” says Yes Finance Owner and Director, Peter Steel.
Check out Yes Finance’s post on Strategies to deal with Financial Stress
Your Rights
Knowing your rights as a renter is important to ensure that you are not being taken advantage of. The Residential Tenancies Act 1986 (RTA) is the law governing residential tenancies and outlines the rights and responsibilities of tenants and landlords. You can check out your rights on the Tenants Protection Association website. “Sometimes things can go wrong when you’re renting, so it’s vitally important to know what your options are and to know how to ask for help,” adds Peter.
Healthy Home
According to Ministry of Housing and Urban Development, rental homes are often well below the World Health Organisation’s recommended minimum indoor temperature of 18°C. The Healthy Homes Guarantee Act will require landlords to ensure rental properties are warm and dry by installing a heating source or adequate insulation.
If your landlord hasn’t complied with the standards, talk to your landlord about it first. If that doesn’t work, you can apply to the Tenancy Tribunal to solve the issue.
Advice
Navigating all of the financial help applications can be confusing and daunting, especially if it is your first time doing it. If this is something that you are worried about you can contact the Citizens Advice Bureau if you want to have an advocate help you through the system and to ensure you are getting all the aid you are entitled to.
If you have any questions or issues about what financial help renters can get, don’t hesitate to contact the friendly finance professionals over at Yes Finance. The team has a reputation for providing excellent customer service and making sure that you are financially stable after borrowing.
Personal and Business Lending
Yes Finance specializes in personal loans, including cars, boats and holidays, and business loans for those looking to take the next step up in their business through expansion or upgrade.
Check out Yes Finance’s simple and easy to use online applications
Have a listen to Yes Finance director, Peter Steel, talking to Marcus Lush on Newstalk ZB talking about why Yes Finance is the first choice in finance company for New Zealand businesses:
https://www.facebook.com/YESFinance/posts/2084846968213044
About Yes Finance
Yes Finance can assist you with SME finance, personal finance, travel loans, boat loans, chattel finance, plant and equipment finance, business loans, loans for equipment and machinery and asset finance. But no matter what kind of finance you need, the team at Yes Finance can offer you a real solution.
Yes Finance have been in business for 20 years, making them one of the oldest privately owned finance companies in New Zealand. They are an alternative to the rigid approach of the banks, providing customer focused solutions for commercial and personal finance. They are based in Auckland but operate throughout New Zealand.
