19 Mar

Measures to protect landlords and tenants

Measures to protect landlords and tenants

The Government last night announced a radical package of measures to protect renters and landlords affected by Coronavirus.
As a result of these changes, no renter in either private or socially rented accommodation needs to be concerned about the threat of eviction, as they will not be forced out of their home during this difficult time.

The package announced on 18 March includes:

  • Emergency legislation to suspend new evictions from social or private rented accommodation while this national emergency is taking place
  • No new possession proceedings through applications to the court to start during the crisis
  • Landlords will also be protected as a three-month mortgage payment holiday is extended to Buy to Let mortgages

Yesterday, ARLA Propertymark informed members across the lettings and estate sector that emergency legislation would be taken forward as an urgent priority so that landlords will not be able to start proceedings to evict tenants for at least a three-month period.

Recognising the additional pressures the virus may put on landlords, the Government has confirmed that the three-month mortgage payment holiday announced earlier in the week will be extended to landlords whose tenants are experiencing financial difficulties due to coronavirus. This important step on Buy to Let mortgages ensures parity of support, further to the announcement that the Government made for private mortgage holders.

Government guidance will be issued which asks landlords to show compassion and to allow tenants who are affected by this to remain in their homes wherever possible.

At the end of this period, landlords and tenants will be expected to work together to establish an affordable repayment plan, taking into account tenants’ individual circumstances.

To support this announcement, the Government has worked with the Master of the Rolls to widen the ‘pre-action protocol’ on possession proceedings, to include private renters and to strengthen its remit. This will support the necessary engagement between landlords and tenants to resolve disputes and landlords will have to reach out to tenants to understand the financial position they are in.

ARLA Propertymark News. 

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.