On 17 and 18 March 2020, the Government announced support to homeowners, renters and landlords who may be impacted by coronavirus.
• No one who has been impacted by coronavirus should have to worry about getting back on their feet – including homeowners, renters and landlords.
• a package of measures has been annonced to help these people. No homeowner in difficulty due to coronavirus will have to worry about their mortgage. No renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.
• These changes will protect all renters and private landlords ensuring everyone gets the support they need at this very difficult time.
These measures include:
• Introducing emergency legislation to protect renters, so that no one gets evicted if they cannot pay their rent. 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.4
• Introducing a three month mortgage holiday for those in difficulty due to coronavirus – so that people will not have to pay a penny towards their mortgage while they get back on their feet. And in the coming days, further support will be made available to help people’s financial security, working with trade unions and businesses to develop new forms of employment support to help protect people’s jobs and incomes through this period.
• Extending the three month mortgage holiday to landlords whose tenants are experiencing financial difficulty due to coronavirus. This will alleviate the pressure on landlords, who will be concerned about meeting mortgage payments themselves, and will mean no unnecessary pressure 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’ individual circumstances.