As the coronavirus pandemic continues to wreak havoc on the global economy, landlords are calling on Housing Minister Robert Jenrick to provide support for the rental sector. With the UK’s housing market facing unprecedented levels of uncertainty, landlords are struggling to keep up with the financial pressures of maintaining their properties.
The National Landlords Association (NLA) has urged the government to provide a package of measures to help landlords during this difficult time. This includes a rent holiday for tenants, a mortgage holiday for landlords, and a rent guarantee scheme to help landlords cover their costs. The NLA has also called for an extension of the eviction ban, which was due to end in September, and for the government to provide additional financial support for landlords.
The NLA has warned that without support from the government, many landlords will be forced to sell their properties, leading to a shortage of rental properties and an increase in rents. This could have a devastating impact on tenants, who are already struggling to make ends meet due to the economic downturn.
The government has responded to the NLA’s call for help by announcing a £1 billion package of measures to support the rental sector. This includes a three-month rent holiday for tenants, a three-month mortgage holiday for landlords, and a rent guarantee scheme. The government has also extended the eviction ban until the end of March 2021.
While these measures are welcome news for landlords, it is important that they are implemented quickly and effectively. Landlords need financial support now in order to keep their properties in good condition and ensure that tenants have access to safe and secure housing.
It is clear that the government needs to do more to support the rental sector during this difficult time. The NLA has called on Housing Minister Robert Jenrick to take further action to ensure that landlords are not left behind in the economic recovery. With the future of the rental sector uncertain, it is essential that the government provides additional support for landlords and tenants alike.