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Call for Government support so landlords can claim for covid rent arrears


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The National Residential Landlords Association are asking for Government support to help tennant's pay off their rent arrears following covid.

Obviously landlords can't miss out on missed rental payments as business risk shouldn't apply for them.

'Help' for rent arrears anyone?

 

(Bizarrely Generation Rent is proposing something similar...)

 

Renter eviction ban to finish at end of May - https://www.bbc.co.uk/news/business-57094031

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Nobody is forced to being a landlord......that is the risk they take, they could have invested in something else, ie;  themselves, their education, a productive business........;)☺️

Edited by winkie
wink
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1 hour ago, Postman said:

Some of my speculative/gambling stocks have dropped 40%, can somebody point me to where I can apply for a bailout? 

Quite a low opinion of Letting property as a business class on this site LOL.

I'm in full agreement that the borrow-to-let / liar loan brigade should burn, but surely long standing letting companies that build and re-purpose properties for rental are entitled to the same pandemic loans and grants as any other firm?

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9 minutes ago, hotblack42 said:

Quite a low opinion of Letting property as a business class on this site LOL.

I'm in full agreement that the borrow-to-let / liar loan brigade should burn, but surely long standing letting companies that build and re-purpose properties for rental are entitled to the same pandemic loans and grants as any other firm?

Right, if they are properly set up as a business then they should have no problem furloughing staff or getting loans or grants just like a wedding organiser or cruise ship operator or cake decorater.

That's not the story here, its like saying the government should give grants to couples to help them pay for their wedding costs so as to help the wedding organisers, and to cake eaters to help them pay for their cakes.

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4 hours ago, Postman said:

Some of my speculative/gambling stocks have dropped 40%, can somebody point me to where I can apply for a bailout? 

Exactly, BTL in it's nature is a type of business - why should the state cover your losses! 

To be objective though, the only thing the LLs can argue is that with the moratorium on evictions, they weren't able to get rid of non-paying tenants. Regardless, they shouldn't get any support whatsoever given the nature of housing in this country and the fact that LLs will be wealthy anyways so don't need a bailout. 

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3 hours ago, Sprrite said:

Exactly, BTL in it's nature is a type of business - why should the state cover your losses! 

To be objective though, the only thing the LLs can argue is that with the moratorium on evictions, they weren't able to get rid of non-paying tenants. Regardless, they shouldn't get any support whatsoever given the nature of housing in this country and the fact that LLs will be wealthy anyways so don't need a bailout. 

Most complain that they are not wealthy and the running costs of being a landlord are 'too high'

Surely the best thing to do is to quit the game and sell at the top of the market? The prices being bandied around are crazy

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