Six Ways That Landlords in Cheltenham Can Find out More About the Coronavirus Outbreak
Although Cook Residential are a Sales Only Agency, we feel it is important to understand what is going on out there within the lettings market which is why, in this three-minute read, we share a Coronavirus information update for landlords in Cheltenham.
The situation and advice available following the Coronavirus (Covid-19) outbreak is continually changing.
Cook Residential are here to help you and our community in any way we can.
Since our last update, the Prime Minister has effectively put large sections of society on lockdown to reduce the spread of the disease and support the NHS who are in the frontline of tackling Covid-19.
Government Help for Landlords and Tenants
The Government has announced a package of measures to protect renters and landlords affected by the outbreak.
A statement from the Housing Minister, Robert Jenrick, said: “This means no renter in either social or private accommodation will be forced out of their home during this challenging time.
“Emergency legislation is being brought forward so that landlords will not be able to start proceedings to evict tenants for at least three months. As a result of these measures, no renters in private or social accommodation needs to be concerned about the threat of eviction.
“Recognising the additional pressures, the virus may put on landlords, we have confirmed that the three-month mortgage payment holiday will be extended to landlords whose tenants are experiencing financial difficulties due to coronavirus.
“This will alleviate the pressure on landlords, who will be concerned about meeting mortgage payments themselves and will mean no unnecessary stress 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’ circumstances.”
In addition to that information, we’ve compiled six links below to information that we have found interesting and you might find useful – simply copy and paste them into your internet browser. These links are accurate as of Wednesday 25 March– 7 am.
The Government’s rental announcement in full.
A Good Article on Legal Implications
Self-Employment & Universal Credit
Employment & Support Allowance
We salute the selfless staff of our NHS, our emergency services and retail workers who are keeping Cheltenham running.