Yesterday (18/03/20) the government announced a series of measures to help protect renters and landlords affected by coronavirus.
New evictions are suspended, for both social and private accommodation, while this emergency period is in effect. This means no one renting will be forced out of their home.
In consultation with the mortgage lenders, the government have agreed that they will offer repayment holidays of 3 months to households in financial difficulty due to COVID-19. Originally this applied to private mortgages, but it has been extended to landlords who have “Buy to Let” mortgages and whose tenants are experiencing financial difficulties because of the virus. The offer comes with conditions including that it can only be made to those who are up to date with their mortgage payments, those already in arrears will not be considered. Any customer who is concerned about their financial situation should contact their lender as soon as possible.
The government state that :
‘At the end of this period, landlords and tenants will be expected to work together to establish an affordable repayment plan, taking into account tenants’ individual circumstances.’
The government are urging landlords and tenants to settle any existing problems and for landlords to understand the tenant’s financial situation.
Housing Secretary Robert Jenrick MP said:
‘The government is clear – no renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.
These are extraordinary times, and renters and landlords alike, are of course worried about paying their rent and mortgage. Which is why we are urgently introducing emergency legislation to protect tenants in social and private accommodation from an eviction process being started.
These changes will protect all renters and private landlords, ensuring everyone gets the support they need at this very difficult time.’
Full details of the announcement can be found at: