Bluesea National understands the importance to Landlords of protecting their rental payment income.

With the introduction of Universal Credit, removing direct payment of housing benefit to Landlords, research is suggesting this may negatively impact Tenants ability to effectively budget and manage rental payments.

This in-turn leads to increased landlord collections risks and costs.

Bluesea National has a Mastercard partner, The Change Account, which will enable Tenants to actively reduce the complexity of managing rent payments when Housing benefit is replaced by Universal credit.

How does it work?

• As a financial institution Bluesea National ( and/or its approved Mastercard partner) is able to receive benefit payments directly from the DWP on the day they are paid.
• Tenant cardholders are able to portion off an amount of this payment that matches the value of the rent into a secure payment wallet.
• The rent can be ‘pushed’ out to the landlord at the end of the month.

The Change Account also offers additional benefits to tenants that allow them to become a part of the wider financial system. As a member of Bluesea National Bank the tenant also has access to a savings facility.