Get a Grip!

Get a Grip!

9:07 AM, 15th February 2021, About 10 months ago 2

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Responding to the Government’s announcement of an extension to the ban on the enforcement of most residential repossessions in England until 31st March, Ben Beadle, Chief Executive of the National Residential Landlords Association said:

“Today’s announcement does nothing to help over 800,000 private renters who have built rent arrears since lockdown measures started last year. It means debts will continue to mount to the point where they have no hope of paying them off. It will lead eventually to them having to leave their home and face serious damage to their credit scores.

“The Government needs to get a grip and do something about the debt crisis renters and landlords are now facing. A package of hardship loans and grants is needed as a matter of urgency. To expect landlords and tenants simply to muddle through without further support is a strategy that has passed its sell by date.”



Comments

by Judith Wordsworth

10:55 AM, 15th February 2021, About 10 months ago

I think it will do lots for renters in that the arrears they build up have little chance of ever being repaid so can carry on living, and for many, rent free.

Do they care about credit references? Highly unlikely as can blame the Covid pandemic on their financial situation.

As usual it will be the landlords who will go without and many smaller portfolio and accidental landlords will or could see their own homes repossessed if unable to pay their mortgages.

by Chris @ Possession Friend

11:51 AM, 15th February 2021, About 10 months ago

I've posted comments on it, and the Mediation pilot and Review hearings on our facebook page.


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