Government Ban on Tenant Evictions During Coronavirus A Welcome Move
The Government this evening announced radical measures to ban evictions for three months and protect tenants, as well as landlords, affected by Coronavirus.
Andy Foote, director at SevenCapital says this is move that will be welcomed by all:
“This evening’s measures announced by the Government will be welcomed by landlords and tenants alike. We heard measures yesterday designed to protect landlords through mortgage relief over a period of three months. It’s extremely good news, and I’m sure there will be thousands who will breathe a huge sigh of relief, to hear that any renters affected, who as a result are unable to pay their rent during this period will also be protected.
“It’s also highly encouraging to see that this legislation has been extended to both the social and private rented sector, where there are many landlords and tenants who may be impacted by these events and unsure about their payments in this unprecedented situation.
“During a tough period of time, as the Prime Minister himself said, “it would not be right for people to be penalised as a direct result of following government advice”.
“The information that appears to be missing however, with regards to mortgage relief, is whether landlords who run their properties through limited companies will be protected under this legislation or whether there are alternate business measures being put in place that will cover this.
“We await further developments over the next few days.”