We really hope that you are staying at home and keeping safe, well and positive during this period of uncertainty and upheaval that coronavirus has brought upon us all.
You’ll be happy to hear that we write bearing good news though, so that’s something!😊
If you as a renter have been worried about rent payments and evictions, or if you as a landlord have been stressing about your own mortgage repayments, then good news is here.
The Government has just announced a number of measures that will protect both renters and landlords during this difficult time, easing a lot of pressure off a large portion of the British population.
Emergency legislation just brought in outlines that no renter in either social or private accommodation can be forced out of their home during these challenging times. Under the legislation, landlords will not be able to start proceedings to evict tenants for at least a three-month period, which means that no renter in the UK needs to be worried about the threat of eviction right now.
For homeowners, a three-month mortgage holiday was recently announced for those experiencing financial difficulties because of coronavirus. In their latest announcement, the Government has now also extended this holiday to landlords whose renters are having financial troubles due to the crisis. This takes away the pressure from landlords who need to make mortgage payments and in turn means that no unnecessary pressure will be placed on their renters to make full rent payments on time.
Some other things you should also know about the recent announcement, include the following:
- Landlords and renters will be expected to work together at the end of this period to establish an affordable repayment plan
- Landlords will have to take into account individual tenants’ circumstances
- The ‘pre-action protocol’ on possession proceedings has been widened to include private renters, supporting the necessary engagement between landlords and tenants to resolve disputes - landlords will also have to reach out to renters to better understand their financial situation
- The Government will issue guidance for landlords, asking them to show compassion and allow renters to remain in their homes wherever possible
Housing Secretary, Robert Jenrick MP, said:
“These changes will protect all renters and private landlords ensuring everyone gets the support they need at this very difficult time.”
We hope you’re as pleased as we are to see all the measures that are being put in place to protect us all during this CRAZY time.
Stay safe, folks!❤️