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Coronavirus – An Update For Landlords Locally

Coronavirus – An Update For Landlords Locally

The situation and advice available following the Coronavirus (Covid-19) outbreak is continually changing.

At Knights Property Services we are doing all we can to keep landlords and tenants 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.

https://www.gov.uk/government/news/complete-ban-on-evictions-and-additional-protection-for-renters

Gas Safety

https://www.gassaferegister.co.uk/help-and-advice/covid-19-advice-and-guidance/

A Good Article on Legal Implications

https://blog.goodlord.co/legal-ramifications-for-lettings-of-coronavirus-qa-with-das-legal

Self-Employment & Universal Credit

https://www.gov.uk/self-employment-and-universal-credit

Employment & Support Allowance

https://www.gov.uk/employment-support-allowance

Emergency Funding

https://www.stepchange.org/debt-info/emergency-funding.aspx

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 things running.

Whether you are selling, buying, letting or renting, we’re here to help. Call Adil and our team on 01276 539111 or email: enquiries@knightspropertyservices.com  for expert advice which is honest, accurate and informative.

If you’re looking to sell, book your free sales valuation now

If you’re looking to let, book your free lettings valuation now

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