Call for package of measures from government and lenders

by Nick Thompson

19:17 PM, 16th March 2020
About 7 months ago

Call for package of measures from government and lenders

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Call for package of measures from government and lenders

NRLA 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 Residential Landlords Association and the National Landlords Association 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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Comments

David Lawrenson

10:52 AM, 17th March 2020
About 7 months ago

This is a good, logical call from the NRLA - and makes sense.
I imagine a lot of landlords are re-checking on what their tenants do for a living to assess risk of them being unable to pay rent.
Sadly, there seems to be a strong, continued desire by most of the main media, including the BBC to portray the worst news stories, whilst ignoring the emerging good stories. They are also piling on the pressure on government to take even harsher measures in a bid to match other countries - e.g. Spain, where drones are allegedly being used to force people to stay indoors, (though I'm not sure I understand how a lonely walk in the park / countrywide could cause harm or spread the virus).
So, we hear little about the fact that the greater part of SE and E Asia is back at work and functioning closer to normality nor reminders that most healthy folk do not suffer greatly with the virus. Nor do we see many stories from people who have got the virus and are coping OK or who have recovered.
I am not hopeful that buy to let mortgage lenders will show much forebearance. But I bet the West Brom and other tracker loan lenders are even crosser to have lost the case v Mark Alexander a few years ago. That, at least, makes me smile and is one more reason to be cheerful!
David Lawrenson
http://www.LettingFocus.com
Private Rented Sector Advice

Laura Delow

14:13 PM, 17th March 2020
About 7 months ago

I feel they should reverse S24 & scrap Selective Licencing (& possibly Additional Licencing) to help Landlords to help Tenants, and scrap the abolition of S21 so Landlords feel more secure working with tenants who get in to arrears.
Sadly though they probably can't afford to scrap / reverse S24 as the extra revenue this has created is much needed to help swell their coronavirus budget.


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