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Wondering if you can help. I make very little income on my 1 BTL property. Approx £30 when mortgage, maintenance, insurance and tax has been paid. My Tenant is refusing to pay his rent for the next 3 months because "[I] can take a payment holiday" on my mortgage. His income, while reduced as a result of Covid-19, is still sufficient to pay his Rent and his wife and main earner is a key worker and therefore her income is stable. They both run brand new cars (on a finance agreement) and yet he is refusing to pay his Rent? What can I do? I cannot take a payment holiday as I am just in the process of re-financing the house to another lender (in an attempt to make my payment a little cheaper - the mortgage is due to revert to SVR next month) and a payment holiday will put this in jeopardy... HELP!
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30 March 2020 17:45 PM
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From: Hayley Pounder
30 March 2020 17:45 PM