Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I’m currently experiencing a situation that is new to me and would appreciate some good advice. My tenants are expecting their first child and have recently lost their jobs.
They told me in advance that they wouldn’t be able to pay this month’s rent and have made a claim for housing benefit.
While I am wholly sympathetic to their situation I am also highly leveraged against the property. I do not want to burden them with any more stress, but I do need some answers.
Could any experienced landlords give me some advice on what to do next or what procedures to follow?
Many thanks in advance
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