Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
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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