No Rent For Buy To Let Landlords

I do hope that one day I’ll get the break that means I can live a comfortable life, but until then I will keep fighting for what’s right.

I don’t want to give up and I don’t want to be irresponsible. There are people out there that depend on me and I don’t want to let them down.

Reply to the comment left by The Forever Tenant at 03/04/2020 – 17:29
I wish you all the very best of luck, it seems like you deserve it 🙂

Have you seen this petition that’s been started for tenants to not pay rent?

https://www.landlordtoday.co.uk/breaking-news/2020/3/petition-calls-for-rent-holiday-to-help-support-tenants-who-cannot-work-or-have-to-self-isolate

It’s gained more traction since this article was published:

https://www.change.org/p/boris-johnson-prime-minister-of-great-britain-robert-jenrick-mp-secretary-of-state-for-housing-coronavirus-protect-renters-now

What these people do not understand is that the lenders will need a 100% proof that the rent is not being paid due to COVID and that the landlord has exhausted all ways to get a mortgage (including guarantors, who may well be part of the 80% salary governmental scheme). If that is not provided there will be no mortgage holidays. The banks will repossess and the tenants will have to go anyway.

Reply to the comment left by Whiteskifreak Surrey at 06/04/2020 – 09:00That is correct.
All this talk about testing is spurious. The way diagnostic tests work is:
– reproducibility: this is the measure of one laboratory being able to reproduce the results of another laboratory.
– repeatability: this is the measure of a laboratory being able to test the same sample and get the same results time after time.
Apart from PCR tests on viral antigen, at the moment the repeatibility and reproducibility of the available diagnostic tests is terrible. Even if the tests were available in sufficient numbers they are not yet reliable. It’s almost impossible to get a definitive confirmatory laboratory test.
And a fortnight ago I got a text from my GP practice which said: “Dear Patient, due to the ongoing COVID19 situation, all doctors appointments on and after 1st April have been cancelled.”
So you can’t even get a doctor’s diagnosis that you could rely on.
So there is no way that the majority of landlords could possibly get a mortgage holiday. And even if they did, they would still have their other costs. There are other problems. How would you carry out a landlord’s inspection at the moment for example? Is that actually legal? And what do you do if the tenant says “no” because of COVID19?

Reply to the comment left by Mark Alexander at 19/03/2020 – 18:11
I’ve had a das policy for 3 years and they say they are not paying out at the moment as there is no process for evicting tenants at the moment! Another case of insurers promising the world and doing everything they can to avoid paying out. Is there any way round this? Tenant is a self employed hairdresser and not communicating at all so very hard to help.

Reply to the comment left by Susan Bradley at 24/04/2020 – 13:39
If the tenant is self-employed then the tenant may be entitled to income support from the government but she won’t be able to apply for that support until mid-May. Does the tenant own her own business premises?

Reply to the comment left by Susan Bradley at 24/04/2020 – 13:39
Is your policy via an agent?

What has the agent said?

Next step would be the Insurance Ombudsman.

Reply to the comment left by Beaver at 24/04/2020 – 13:45
Hi.She rents her premises but has only been set up a year or so. We have offered her sympathy and help to claim UC or other loans but since her initial aggressive‘I’m not paying and you can get a mortgage holiday’ she replies to nothing , not even enquiries as to her health.

Reply to the comment left by Mark Alexander at 24/04/2020 – 13:46
Hi. It’s a rent safe uk policy bought through landlord referencing service (which is now closed for good) but the paperwork to claim via das .