An Update for Landlords in Loughborough, East Leake and Charnwood
In this three-minute read, we share a Coronavirus information update for landlords in Loughborough, East Leake and Charnwood.
The situation and advice available following the Coronavirus (Covid-19) outbreak is continually changing.
At Newton Fallowell Property Agency we are doing all we can to keep landlords and tenants in Loughborough, East Leake and Charnwood as up to date as possible.
And we are here to help you and our community in any way we can.
Since our last update, the Prime Minister has effectively put large sections of society on lockdown to reduce the spread of the disease and support the NHS who are in the frontline of tackling Covid-19.
This has and will have a massive impact on the rental property industry.
But we’re doing all we can to stay on top of the emerging information and guidelines.
Government Help for Landlords and Tenants
The Government has announced a package of measures to protect renters and landlords affected by the outbreak.
A statement from the Housing Minister, Robert Jenrick, said: “This means no renter in either social or private accommodation will be forced out of their home during this challenging time.
“Emergency legislation is being brought forward so that landlords will not be able to start proceedings to evict tenants for at least three months. As a result of these measures, no renters in private or social accommodation needs to be concerned about the threat of eviction.
“Recognising the additional pressures, the virus may put on landlords, we have confirmed that the three-month mortgage payment holiday will be extended to landlords whose tenants are experiencing financial difficulties due to coronavirus.
“This will alleviate the pressure on landlords, who will be concerned about meeting mortgage payments themselves, and will mean no unnecessary stress is put on their tenants as a result.
“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’ circumstances.”
In addition to that information, we’ve compiled six links below to information you might find useful – simply copy and paste them into your internet browser. These links are accurate as of Wednesday 25 March– 7 am.
The Government’s rental announcement in full.
A Good Article on Legal Implications
Self-Employment & Universal Credit
Employment & Support Allowance
For up to the minute news, to ask us any questions, or to simply have a chat and air what’s on your mind, please call us on 01509 672328 – we’re here to help. We would also like to thank our landlords and tenants for their co-operation, understanding and for creating a sense of togetherness during this challenging period.
And finally, we salute the selfless staff of our NHS, our emergency services and retail workers who are keeping Loughborough, East Leake and Charnwood running.