0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Government bans evictions and brings in protections for renters

The government has confirmed a set of measures to protect renters and landlords affected by coronavirus, including suspending evictions.

Share on LinkedInShare on TwittereCard

No new repossession proceedings will begin through applications to the courts during the outbreak, while landlords will be protected through an extension of the three-month mortgage holiday to cover buy-to-let.

 

As a result, no renter in either social or private accommodation will be forced out of their home during the outbreak.

 

Emergency legislation will be taken forward as an urgent priority so that landlords will not be able to start proceedings to evict tenants for at least a three-month period. As a result of these measures, no renters in private or social accommodation needs to be concerned about the threat of eviction.

 

Housing secretary Robert Jenrick MP said: “The government is clear – no renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.

 

“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.”

 

Marc von Grundherr, director at letting and estate agent Benham and Reeves, said: “We’re all for state support at a time of crisis however there’s a significant unintended consequence of this announcement and that is the fact tenants now have nothing to lose if they simply stop paying their rent. It will simply be used as a literal get out of jail free card for all of the UK’s 16 million or so private and social housing tenants and this could leave a path of destruction within the rental market if not correctly implemented and monitored.”

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Coronavirus concerns cause chilling effect on mortgage market

Coronavirus concerns cause chilling effect on mortgage market

Amigo Loans suspends lending to new customers

Amigo Loans suspends lending to new customers

Entries open for Lending Awards 2020

Entries open for Lending Awards 2020

Upcoming events

Car Finance Conference

Car Finance Awards

Credit Awards

Parliamentary Reception

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group