Mortgage holidays until Coronavirus is no longer a threat?

strawb_shortcake

Why do you think the entire country will stop paying their rents and mortgage? 
People have emergency savings for purposes such as this, civil servants, public sector employees are likely to still be paid, people can work from home, work remotely. People may have insurances in place to cover periods of non working. 

BTL mortgages are often interest only so mortgage payment vs rent is vastly different, perhaps Landlords will come to an agreement for tenants to pay reduced rent temporarily. 
Council tenants are the most secured tenants so if they don't pay rent for 3 months it'll just be arrears to be paid off later. Besides which any form of eviction or repossession can take months so its unlikely anyone is going to be homeless due to a couple of short payments on rent or mortgage. 

Perhaps you should step away from you tube and engage some common sense

silvertooth

annabanana82 said:

Why do you think the entire country will stop paying their rents and mortgage? 
People have emergency savings for purposes such as this, civil servants, public sector employees are likely to still be paid, people can work from home, work remotely. People may have insurances in place to cover periods of non working. 

BTL mortgages are often interest only so mortgage payment vs rent is vastly different, perhaps Landlords will come to an agreement for tenants to pay reduced rent temporarily. 
Council tenants are the most secured tenants so if they don't pay rent for 3 months it'll just be arrears to be paid off later. Besides which any form of eviction or repossession can take months so its unlikely anyone is going to be homeless due to a couple of short payments on rent or mortgage. 

Perhaps you should step away from you tube and engage some common sense

This is happening in Italy now and has been happening in China for months

people are not paying their rents or mortgages 

Watch this https://youtu.be/-_5BoLIUZB0

ukcarper

Are we really suppose to take a video posted on YouTube by some unknown person seriously without question.

strawb_shortcake

silvertooth said:

annabanana82 said:

Why do you think the entire country will stop paying their rents and mortgage? 
People have emergency savings for purposes such as this, civil servants, public sector employees are likely to still be paid, people can work from home, work remotely. People may have insurances in place to cover periods of non working. 

BTL mortgages are often interest only so mortgage payment vs rent is vastly different, perhaps Landlords will come to an agreement for tenants to pay reduced rent temporarily. 
Council tenants are the most secured tenants so if they don't pay rent for 3 months it'll just be arrears to be paid off later. Besides which any form of eviction or repossession can take months so its unlikely anyone is going to be homeless due to a couple of short payments on rent or mortgage. 

Perhaps you should step away from you tube and engage some common sense

This is happening in Italy now and has been happening in China for months

people are not paying their rents or mortgages 

Watch this https://youtu.be/-_5BoLIUZB0

Some in China and Italy may not be paying mortgages and rent but not everyone as you keep protesting. 
You can keep your ill informed conspiracy theories and you tube posts. You consistently demonstrate that you have no meaningful concept of reality, I think any credibility you may possibly have had was lost when you claimed both the Pope and the Queen had Coronavirus...

LABMAN

you tube is a good description.

Jonbvn

ukcarper said:

Are we really suppose to take a video posted on YouTube by some unknown person seriously without question.

Didn't you know that if it's not on YouTube it didn't happen?

TBH, Ryan's Toy Review (also on YouTube & much loved by my son) offers more cogent financial advice.