Is there any help for tenants in these to ugh times?

[Deleted User]

n1guy said:

And there it is. A 3 month mortgage holiday. My landlord will be pleased. Suck it up for us renters it seems. 

It’s typical tories really. The poor and less well off are falling through the cracks as usual

Do you realise that the money is still owed? It is still incurring interest during those 3 months and will still need to be paid at a later date. If you were given a 3 month rent payment holiday would you be able to make up the payments later in the year or would you then be perpetually in arrears? 

I think the payment holiday for mortgages is !!!!!! anyway. What this epidemic is showing is that most of the population live beyond their means and don't put something away for a rainy day and/or not adequately insured. I don't mean those who live hand to mouth who genuinely have nothing to spare and in some cases less than nothing but those happily spending money on Sky and iPhones with diddly squat in the emergency fund. 

silvercar

Lover_of_Lycra said:

n1guy said:

And there it is. A 3 month mortgage holiday. My landlord will be pleased. Suck it up for us renters it seems. 

It’s typical tories really. The poor and less well off are falling through the cracks as usual

Do you realise that the money is still owed? It is still incurring interest during those 3 months and will still need to be paid at a later date. If you were given a 3 month rent payment holiday would you be able to make up the payments later in the year or would you then be perpetually in arrears? 

I think the payment holiday for mortgages is !!!!!! anyway. What this epidemic is showing is that most of the population live beyond their means and don't put something away for a rainy day and/or not adequately insured. I don't mean those who live hand to mouth who genuinely have nothing to spare and in some cases less than nothing but those happily spending money on Sky and iPhones with diddly squat in the emergency fund. 

Do you have a source for this? Martin Lewis tweeted this morning that it hadn't been announced whether the mortgage would be frozen or treated as a mortgage holiday.

Lokolo

silvercar said:

Do you have a source for this? Martin Lewis tweeted this morning that it hadn't been announced whether the mortgage would be frozen or treated as a mortgage holiday.

BBC reported that it is a mortgage holiday, nothing to do with being frozen. On the gov website it also states holiday.
https://www.gov.uk/government/news/chancellor-announces-additional-support-to-protect-businesses
"Mortgage lenders have agreed they will support customers that are experiencing issues with their finances as a result of Covid-19, including through payment holidays of up to 3 months. This will give people the necessary time to recover and ensure they do not have to pay a penny towards their mortgage in the interim."
Unfortunately tenants moaning on social media seem to think it means that landlords and residential mortgage holders get free money. No, it is just deferred. 

afis1904

Lokolo said:

silvercar said:

Do you have a source for this? Martin Lewis tweeted this morning that it hadn't been announced whether the mortgage would be frozen or treated as a mortgage holiday.

Unfortunately tenants moaning on social media seem to think it means that landlords and residential mortgage holders get free money. No, it is just deferred. 

Rent would also be deferred most likely but that is still better than the non help that is available atm

Lokolo

afis1904 said:

Lokolo said:

silvercar said:

Do you have a source for this? Martin Lewis tweeted this morning that it hadn't been announced whether the mortgage would be frozen or treated as a mortgage holiday.

Unfortunately tenants moaning on social media seem to think it means that landlords and residential mortgage holders get free money. No, it is just deferred. 

Rent would also be deferred most likely but that is still better than the non help that is available atm

Yes that would be ideal, however that is not the expectations of what I am seeing from those on social media. I would quite happily give my tenants a rent deferral. Those on my local area Facebook page are infact asking their landlords for "free rent", and not actually pay for up to 3 months, rather than defer it to a later on date.

Morglin

Renters, social or private, will be protected from being evicted, by the government.
I don’t know what arrangement they intend to make with private landlords, but social landlords have just been told not to try and evict for non payment, during this crisis. 

https://www.bbc.co.uk/news/uk-51939634

Thrugelmir

n1guy said:

Thrugelmir said:

n1guy said:

And there it is. A 3 month mortgage holiday. My landlord will be pleased. Suck it up for us renters it seems. 

It’s typical tories really. The poor and less well off are falling through the cracks as usual

Do you fully understand the measure? Or simply playing politics. 

Enlighten me. I understand there is no help for renters but mortgage payers are given a 3 month holiday. Maybe I missed a bit of vital information 

If LL's are provided with forebearance then the LL's themselves as responsible business owners would be expected to do likewise for their tenants. In ethical terms that is. 
As to actual rights for tenants then this will require emergency legislation. To overide the contractual relationship that exists. 

worldtraveller

worldtraveller said:

I believe that the Labour Party are urging the government to introduce a ban on evictions for tenants whose income is hit by the coronavirus.

Renters to be protected from eviction, PM says

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

Tenants were "worried sick" they might not be able to pay rents if they fell ill, Labour leader Jeremy Corbyn said at Prime Minister's Questions....

....Mr Corbyn urged the PM to protect private renters in "the interests of public health", adding Britain's 20m private renters were "worried sick" about missing payments if they became ill, lost pay or had to self-isolate.

Mr Johnson said it will bring forward legislation to protect private renters from eviction, but will also avoid "pass[ing] on the problem" by "taking steps to protect other actors in the economy".

Housing associations will not evict tenants who are affected by the virus and fall behind on rent payments, Kate Henderson, of the National Housing Federation, which represents housing associations in England, has confirmed.

BBC News

silvercar

Surely the answer is to give landlords the same mortgage payment holiday that residential owners are getting? On the condition that they also help their tenants.
I accept that it is easier to extend your mortgage term by 3 months than to expect tenants to catch up with 3 months rent on a 1 year AST, but it would be a way forward.

worldtraveller

Allegedly, according to the BBC News, there will be a ban on any evictions of tenants for at least of 3 months. More to follow later...