The Residential Landlords Association (RLA) and the National Landlords Association (NLA) are calling for a package of measures from government and mortgage lenders to support tenants and landlords affected by the coronavirus.
In a joint statement, the RLA and the NLA said:“We are encouraging all landlords to work positively with tenants to provide support where needed throughout this difficult period. Landlords should be as flexible as they can to help tenants facing payment difficulties resulting from the impact of the coronavirus.
“To support landlords in this we are calling for a package of measures from government and mortgage providers. This includes a temporary scrapping of the five week wait before Universal Credit claimants get their first payment, pausing the final phase of restricting mortgage interest relief to the basic rate of income tax and ensuring lenders look sympathetically on requests by landlords for mortgage payment holidays where their income is being affected through reduced or non-payment of rent.”
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Duh! Isn't it called the welfare system? It's designed to help people in need with their housing costs, food bills, etc etc.
Ultimately, the mortgages need to paid, bills need to be paid, the council tax need to be paid etc, so why doesn't the government put emergency funding into social services and help the tenants who need it. That way it will be the least spent on avoiding any problems due to this virus in the housing market.
I am aged 75 and have a long term genuine reliable estate agent tenant in my mortgage free property. He has asked myself and other suppliers to consider assisting in some financial way due to the effects of the coronavirus situation. I am considering the options. Any suggestions? Are there any government announced options of financial help for him (or me?).
No John, they take us for mugs, no one but no one takes me for a mug
I got a much simpler idea. Go to social security prove you were affected by CoronaVirus in whatever way show your tenancy agreement and they make payment direct to landlords for the period affected.
Pro’s- Tenants don’t have to worry they have a house to stay in.
Landlords don’t have to worry about mortgage company’s not helping thus creating hardship leading to house being repossessed and tenant out on the street and they can carry on paying more tax per pound earnt than the rest of the country!
Cons- Some tenants will play the system to get free money
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