Trump Invective Posted March 18, 2020 Share Posted March 18, 2020 Currently front and centre on the BBC news website Specific article: https://www.bbc.co.uk/news/uk-51939634 One of the most significant economic issues of the outbreak. Let's discuss the ongoing response from the govt and wider society for renters on this specific thread. Quote Link to comment Share on other sites More sharing options...
doomed Posted March 18, 2020 Share Posted March 18, 2020 The reason renters are not getting help is because it would not be possible to get the money back. I am assuming missed mortgage payments will be added onto the end of the mortgage. Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted March 18, 2020 Share Posted March 18, 2020 Helicopter money for renters to pay their rent? Quote Link to comment Share on other sites More sharing options...
Dorkins Posted March 18, 2020 Share Posted March 18, 2020 20 minutes ago, LetsBuild said: Helicopter money for renters to pay their rent? a.k.a. helicopter money for landlords to receive their rent Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 18, 2020 Share Posted March 18, 2020 Theres rumours of refunding income tax and NIC. Quote Link to comment Share on other sites More sharing options...
regprentice Posted March 18, 2020 Share Posted March 18, 2020 (edited) 29 minutes ago, LetsBuild said: Duplicate post Edited March 18, 2020 by regprentice Quote Link to comment Share on other sites More sharing options...
regprentice Posted March 18, 2020 Share Posted March 18, 2020 7 minutes ago, Dorkins said: a.k.a. helicopter money for landlords to receive their rent They are already getting that with the proposed mortgage holidays. And in the thread discussing that a couple of days ago there seemed to be a sizable minority who thought that it was absolutely OK that landlords were getting 3 months mortgage free, but still charging rent for that period. or giving their own 'payment holiday' to the tenant but with an agreed repayment plan for when things are back to 'normal'. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted March 18, 2020 Share Posted March 18, 2020 15 minutes ago, regprentice said: They are already getting that with the proposed mortgage holidays. And in the thread discussing that a couple of days ago there seemed to be a sizable minority who thought that it was absolutely OK that landlords were getting 3 months mortgage free, but still charging rent for that period. or giving their own 'payment holiday' to the tenant but with an agreed repayment plan for when things are back to 'normal'. I thought the proposed mortgage holidays would only be for homeowners, not BTLers. Hard to get the detail when it's just announcements. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 18, 2020 Share Posted March 18, 2020 21 minutes ago, regprentice said: They are already getting that with the proposed mortgage holidays. And in the thread discussing that a couple of days ago there seemed to be a sizable minority who thought that it was absolutely OK that landlords were getting 3 months mortgage free, but still charging rent for that period. or giving their own 'payment holiday' to the tenant but with an agreed repayment plan for when things are back to 'normal'. They aren't getting anything free, as far I have seen the loan money is still owed and accruing interest. Quote Link to comment Share on other sites More sharing options...
regprentice Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, Confusion of VIs said: They aren't getting anything free, as far I have seen the loan money is still owed and accruing interest. Yes. But they don't pay anything for the three months that they will continue to receive rent. And any three month extension of their mortgage would presumably also be offset by renting. The landlord doesn't have to take the mortgage holiday. But if they do then I feel they have a moral obligation to pass that on to their tenant. All the govt activity is about cash flows, not giving money away for free, there's nothing I've seen that won't be clawed back eventually. I believe that's why they've been reluctant to do small simple things like remove the earnings threshold on sick pay... Because, politically, they will never be able to undo that change in the future Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 18, 2020 Share Posted March 18, 2020 (edited) 2 hours ago, Dorkins said: a.k.a. helicopter money for landlords to receive their rent a.k.a. helicopter money for landlords bankers to receive their debt payments It's all about the banks Edited March 18, 2020 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
longgone Posted March 18, 2020 Share Posted March 18, 2020 just get the LL to pay and create a new law that tenant cant be evicted. Simples. Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted March 18, 2020 Author Share Posted March 18, 2020 Johnson, asked about it at PMQs, gave a typically vague and cryptic response. He referred to the protection of "other actors" when considering helping the private rental sector. I think we know who those other actors are! Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted March 18, 2020 Author Share Posted March 18, 2020 Johnson says government will legislate to protect renters from eviction during coronavirus crisis Corbyn says “whatever it takes” should mean tackling injustice. He says a quarter of care staff are on zero-hours contracts, and not entitled to sick pay. He says Rishi Sunak offered nothing to the 20 million people in rented homes in his announcement yesterday. They are “worried sick”, he says. Will the PM confirm that the emergency legislation will protect private renters from eviction? Johnson says Corbyn is making “very powerful points”. He says he will be legislating to protect private renters from eviction. But he does not just want to pass on the problem, so other “actors in the economy” will be protected. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, regprentice said: Yes. But they don't pay anything for the three months that they will continue to receive rent. And any three month extension of their mortgage would presumably also be offset by renting. The landlord doesn't have to take the mortgage holiday. But if they do then I feel they have a moral obligation to pass that on to their tenant. All the govt activity is about cash flows, not giving money away for free, there's nothing I've seen that won't be clawed back eventually. I believe that's why they've been reluctant to do small simple things like remove the earnings threshold on sick pay... Because, politically, they will never be able to undo that change in the future Not sure job of the logic in that. The renter may have lost their job or may be sitting at home on full pay saving a packet on travel and entertainment. Likewise so could the landlord. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 18, 2020 Share Posted March 18, 2020 58 minutes ago, Ghostly said: I’m surprised they didn’t think of this given the split between owner occupiers and renters. The BBC are disgusting in stoking up the fear though: “we need this now!”, “it’s not fast enough!”, etc. Is there anything the BBC could do that you wouldn't find disgusting. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 18, 2020 Share Posted March 18, 2020 50 minutes ago, Trump Invective said: Johnson says government will legislate to protect renters from eviction during coronavirus crisis Corbyn says “whatever it takes” should mean tackling injustice. He says a quarter of care staff are on zero-hours contracts, and not entitled to sick pay. He says Rishi Sunak offered nothing to the 20 million people in rented homes in his announcement yesterday. They are “worried sick”, he says. Will the PM confirm that the emergency legislation will protect private renters from eviction? Johnson says Corbyn is making “very powerful points”. He says he will be legislating to protect private renters from eviction. But he does not just want to pass on the problem, so other “actors in the economy” will be protected. Sounds like free money for everyone. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, Ghostly said: Yep, they could try to deliver some truly balanced reporting, not stoke fears, understand the broader situation, etc. Not difficult. Define balanced, at present both ends of politics claim they are biased against them, that sounds about as balanced as you can reasonably expect to get. Truth is we should have done more and earlier. We ignored the lessons being learnt from China and Italy preferring instead to go down the same path. Even today, we seem reluctant to take measures that are being proven to work. This is not a Black Swan event, the governments even had a pandemic planning session/report in 2018 but then ignored all of its recommendations. People do need to be held to account. Link below shows where you can get to if you respond properly https://www.youtube.com/watch?v=urPjrPBKZy4 Quote Link to comment Share on other sites More sharing options...
Locke Posted March 18, 2020 Share Posted March 18, 2020 The way out of this is to cut taxation and regulation. Therefore, anything which increases taxation or regulation is causing material harm. UBI: increased taxation; harm Forcing banks to accept payment holidays: increased regulation; harm The State paying rents: increased taxation and regulation; lots of harm Quote Link to comment Share on other sites More sharing options...
Bluestone59 Posted March 18, 2020 Share Posted March 18, 2020 6 hours ago, Trump Invective said: Johnson, asked about it at PMQs, gave a typically vague and cryptic response. He referred to the protection of "other actors" when considering helping the private rental sector. I think we know who those other actors are! Monsieur Hulot and and Fatty Arbuckle. Quote Link to comment Share on other sites More sharing options...
winkie Posted March 18, 2020 Share Posted March 18, 2020 (edited) Emergency legislation that no new evictions for renters for non payment of rent....any landlord with a mortgage can apply for a repayment holiday...... Edited March 18, 2020 by winkie Quote Link to comment Share on other sites More sharing options...
nightowl Posted March 18, 2020 Share Posted March 18, 2020 6 hours ago, Ghostly said: Yep, they could try to deliver some truly balanced reporting, not stoke fears, understand the broader situation, etc. Not difficult. Are the BBC campaigning for a delay or suspension for the telly tax yet in the national interest?? Quote Link to comment Share on other sites More sharing options...
msi Posted March 18, 2020 Share Posted March 18, 2020 Yawn 3 hours ago, nightowl said: Are the BBC campaigning for a delay or suspension for the telly tax yet in the national interest?? Yawn yet more false equivalence and BBC bashing. By the same argument Sky sports and BT sports should be campaigning for a delay or suspension in their package. Back to the topic, I'm seeing growing resentment at the entitled arguments from LL (it's my pension innit). If there is immunity from eviction, will there be a campaign of 'rental disobedience'? If you're a clever LL, you would negotiate a rental cut (1/3 off but keep paying) just to avoid the pain Quote Link to comment Share on other sites More sharing options...
sammersmith Posted March 18, 2020 Share Posted March 18, 2020 After the outbreak is over, are the government really going to reintroduce Section 21 given they’ve already pledged to outlaw it? Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted March 19, 2020 Share Posted March 19, 2020 Renters actually need far more helps - mortgage payments will be falling thanks to close to negative interest rates. They tend to be younger, poorer, more likely to have families, have lower paid jobs, have no savings, live paycheck to paycheck, Simple law - any landlord that evicts a tenant in the next 3 months who cannot pay their rent due to COVID-19 gets a year in jail and has all their properties - including their primary home - repossessed by the council to house local homeless families without compensation. Quote Link to comment Share on other sites More sharing options...
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