PM Tenant Eviction Ban & Mortgage Holiday

Filed in Breaking News by on 18th March, 2020 0 Comments

PM Boris Johnson has banned landlords from evicting tenants for rent arrears, permitting tenants a delay in rent payments for three months.

The PM has offset the impact this may have on landlords with buy-to-let mortgages by introducing a three month mortgage payment holiday.

The PM said, “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.

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

The PM has earlier revealed the plans at PMQs, telling MPs his Government will do all they could to ensure “workers get the support they need.”

He said: “I can indeed confirm we will be bringing forward legislation to protect private renters from eviction.

We now await the proposed legislation and hope there are no shock aspects within!  How this legislation is worded is especially important or landlords who have genuine reason for possession. It will cloud and confuse and certainly delay evictions.

About the Author ()

Rob Crawford is the chairman of the Association of Local Landlords (Wessex). Rob is a practicing landlord with a property portfolio that includes small private residential properties and HMO's. Rob is a qualified letting agent and former owner of Kingfisher Lettings & Management. He is now a share holder of the successful online lettings company

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.