Mortgage holders getting 3 months amnesty, what about RENTERS?

[ssd]

Renters to get feck all.

Typical tories.

But it won't be instant! And ANYONE who starts the accusations in such a short time IS shit stirring!

And in any case, I would hope than an "informal coalition" wasn't a synonym for follow-the-leader. That, sadly, indicate's a very closed mind!

Someone at work is off with a cough. Her rent and council tax is suspended for a couple of months.

As far as I can see this issue is being given lots of attention in the media, I think when CV is over things will have shifted further against landlords

From Snoozys link

The government will bring forward emergency legislation to protect private renters from eviction, Boris Johnson has said.

@AgnesNaismith
@Annacarter

You're seriously suggesting I should have had enough stashed away in case of an international pandemic resulting in my tenant theoretically 'dying' plus my DH losing his job with little chance of new employment in the same month, leaving me with 2 mortgages to pay, for an unspecified period?

Because that's very specific planning.
I suspect one or two LL will fall short of your high expections.

@HelenaDove and HA tenants are protected from eviction. The NHA have confirmed they will not evict those affected by the virous that fall behind on rent.

I’m an accidental landlord in that, I had to rent my house out as I lost my job and my new job was hundreds of miles away. I have a mortgage to pay and the rent only just covers it but I earn ok so could just about cope if they didn’t pay. That said, I’m pregnant with our second and as it will be our last child, want to take a period of extended maternity so was going to save to be able to do so. If they give my tenants the house for free, it will impact us massively long term, particularly as we need to move house because of baby number 2 and will have nursery fees. We won’t be able to borrow if rent not being paid.

I agree something should be done to help renters but not all landlords are loaded/greedy. I am an accidental landlord. Have actually been trying to sell for last 5 months because it causes me loads of worry but no joy. So there needs to be a balance and people should have to prove they can’t pay and the government then step in. Alternatively, if landlords have to apply for a mortgage holiday which means interest racks up which otherwise would not have, then they should be allowed to claim that interest back/offset it because if they have a mortgage to pay then they will also be affected.

Why do people assume that people who rent will get housing benefit? A majority of people who rent are working people, we don't get benefits. It's not as simple as popping into the job centre and saying I'd like to claim housing benefit when you already have a job, they aren't going to give it you. And if you lost your job who's going to dish out all the money for these people who need to pay their rents? After all people are losing their jobs 🤔 so less tax towards people who claim benefits. That's some real logical thinking that.

Why do people assume that people who rent will get housing benefit?

I think, if nothing else, this crisis has revealed how little some people were aware of the stark reality for a large number of people in straitened circumstances.

The mortgage holidays announced by the Chancellor won't apply to BTL mortgages.

But there are talks with BTL providers so there should be something announced soon. They have to make a properly joined up decision so that nobody can take advantage of it... or miss out.

Even if a LL got a mortgage holiday, it doesn't mean they will pass it on. Also, mortgage payments rarely equate to the rental payment. LL's have other bills to pay. What happens to them? What if a letting agent is involved? How will they get paid if no rent is paid?

It's not as simple as people seem to think.

As far as I am concerned as long as I am working and getting paid my landlord will receive their rent as normal. Any attempt to increase my rent during this crisis will be ignored and not paid, if they choose to try and evict me and find another tenant during the pandemic then good luck to them

Any LL that tries to evict someone just now is not only an arsehole, they're also an idiot as who is going to replace their tenant?! And it takes a while to evict anyway.

In a situation like this, both parties should be coming up with the best outcome for each of them.

"If you can't afford it don't be a landlord" - well I could afford to pay the mortgage on my rental until corona came and decimated both mine and my DHs income. Why not accept we're all in the same boat and stop being vicious.

As well as help with paying rent, protection for renters needs to include banning all evictions. It's not always about rent arrears. Many tenants are evicted on no fault evictions. When people, especially those in high risk groups, need to self isolate they can't go house hunting.

Those thinking benefits protect tenants. Housing benefit has been capped in the private rental sector for some years now. It's often much lower than the actual rents. Also many people receiving benefits are working. They claim only a small top up amount because their wages are low.

Why do people assume that people who rent will get housing benefit?

I just assumed that if you fall on hard times, like losing your job, you are entitled to claim benefits. And with that, you can also claim for housing costs.
Obviously your benefits would be less than if you are working full time and stark choices have to be made ... but still there is some help out there.
Everyone saying there isn't any help is simply wrong. It might not be what you want it to be but it's far better than nothing and probably more than a mortgage paying homeowner would get. (Because they still have to pay the full amount after their little "holiday" without an housing element to their benefits.)

Trade news this morning

www.lettingagenttoday.co.uk/breaking-news/2020/3/total-ban-on-evictions-for-three-months-with-blessing-of-trade-groups

That's a great update @CuriousaboutSamphire

I am no longer a renter but I was for many years and pleased to see this good decision has been taken.

There'll be a bit of bun fight at the end, as there's no guidance for repayment schedules, landlords with tenant in dire straits (or those determined not to pay) look likely to lose out there!

It mentions a repayment plan in that article- does that mean that rents can go up after?

@CuriousaboutSamphire it is the only humane response. If landlords lose out a bit, that is the least worst option in a horrendous, unprecedented situation.

The alternative would be evil.

does that mean that rents can go up after? It's as likely to mean movement on the date that payments restart, given we don't know how long we will be in this mess! But yes, Landords will have to repay the missed mortgage payments eventually.

If landlords lose out a bit, that is the least worst option in a horrendous, unprecedented situation. That's really short sighted. Landlords aren't made of gold and if many of the smaller ones have their properties reclaimed by the lenders there will be a housing market crash that effects everyone!

Renters, landlords and home owners are now all in the same boat! Payment holidays, missed payments are deferred, not forgiven!

.

Thank you Curious- that makes sense.