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Wednesday 1st April 2020

Latest Comments

Total Number of Property118 Comments: 1


9:59 AM, 2nd April 2020
About 7 months ago

NRLA merger completes and Chair is announced

Re help from government. I would like to know what is being done for landlords if they are not being treated as self employed in the current crisis ie clarity on if they can expect to be contacted by HMRC shortly and included in the scheme for self employed people or simply left out in the cold. I already have a tenant who runs a restaurant and had to close temporarily, I assume, give notice on the flat he rents for his employees with the assumption that I can just set up shorthand tenancies for these employees. He seems to think that he will not survive even with the help available to him from government so appears to be taking the route of unloading the rental property which leaves me short. I have other properties and am waiting with baited breath! I can apply for a mortgage holiday but that only represents a part of the rent which will cease and has to be accounted for in any case in due course so what happens to the landlords income and how can we survive it? There is no enforcement procedure to say how businesses or private individuals have to spend the help they are receiving presumably, we landlords appear to be dangling on a thread.... Read More