Three month mortgage payment holiday for buy-to-let landlords

Three month mortgage payment holiday for buy-to-let landlords

Todays other news
The proposal comes ahead of next month's Budget...
It has eight gaps it says need filling...
41,483 BTL companies were set up in the first eight...
It's happening at a university campus in late October...


The chancellor’s promise of a three-month mortgage payment holiday to customers affected by coronavirus has been extended to buy-to-let borrowers whose tenants are experiencing financial difficulties due to coronavirus, the government has confirmed.

Advertisement

The protection for landlords is designed to ensure that they do not have to handle unmanageable debts after the government said that no renter in either social or private accommodation will be forced out of their home during this difficult time.

Advertisement

Emergency legislation will be taken forward as an urgent priority so that landlords are not permitted to start proceedings to evict tenants for at least a three-month period, ensuring that no renters need to be concerned about the threat of eviction.

Advertisement

The housing secretary, Robert Jenrick, said: “The government is clear – no renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.

“These are extraordinary times and renters and landlords alike are of course worried about paying their rent and mortgage. Which is why we are urgently introducing emergency legislation to protect tenants in social and private accommodation from an eviction process being started.

Advertisement

“These changes will protect all renters and private landlords ensuring everyone gets the support they need at this very difficult time.”

Landlord groups have welcomed government support. 

Advertisement

Ben Beadle, chief executive of the National Residential Landlords Association, said: “Landlord groups welcomes government support. We recognise the exceptional circumstances and we will work collaboratively with government to ensure these measures protect both landlords and tenants.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Miniature houses with property tax crossword tiles on wooden surface.
The proposal comes ahead of next month's Budget...
Warning sign with exclamation mark for property safety alert.
It has eight gaps it says need filling...
Business professionals clapping at Landlord Today event in a conference room.
Businessman analyzing digital market data on a large screen at night.
It's happening at a university campus in late October...
The figures come from lenders' trade body, UK Finance...
Tenants are increasingly discerning, claims the agent...
A prominent agent says he’s expecting a “significant shift” in...
Recommended for you
Latest Features
Buy to let will look very different, very soon...
The government is attempting to make leasehold enfranchisement simpler...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.