Private Rented Housing: Coronavirus

Ministry of Housing, Communities and Local Government written question – answered on 1st July 2020.

Alert me about debates like this

Photo of Baroness Altmann Baroness Altmann Conservative

To ask Her Majesty's Government, further to their decision to extend the ban on tenant evictions by a further two months, what plans they have to support private landlords with tenants who had already built up rent arrears before the restrictions to address the COVID-19 pandemic were introduced and who are receiving no income from their property.

Photo of Lord Greenhalgh Lord Greenhalgh Minister of State (Housing, Communities and Local Government), The Minister of State, Home Department

The Government has put in place an unprecedented support package to help ensure that tenants are able to pay their rent throughout this period. We have introduced support for business to pay staff salaries with income support also available to the self-employed and have strengthened the welfare safety-net with a nearly £7 billion boost to the welfare system. This includes increasing Local Housing Allowance (LHA) rates so that they are set at the 30th percentile of market rents in each area.

To support landlords who are experiencing a temporary loss of income, mortgage lenders have agreed to offer payment holidays of up to three months where this is needed due to coronavirus-related hardship, including for buy-to-let mortgages. On 2 June, the Financial Conduct Authority confirmed that borrowers can apply for an extension to any holiday already taken while extending the window for new applications to 31 October. Landlords should contact their lender at the earliest possible opportunity to discuss if the payment holiday is a suitable option for them.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.