There is no supervisory procedure on tenants and they have given every opportunity to manipulate the situation in their personal interest. They are receiving Universal Credit, housing benefits as well as grants. Spending monies to buy cars, vans, even going on holidays, while landlords are not offered any financial benefit or any alternate in real termS. Mortgage holiday for three months is actually in occurring extra interest, making Substantial increase on their Mortgagee loans by Added multiple interest as well as increase in monthly payments by lenders.
The situation is Landlords cannot afford to pay mortgages as no or little rent received from tenants and also it is not possible for them to get rid of properties as tenants would virtually make it impossible by not allowing viewing and would not move out.
O the top of all this now Landlords cannot even get possession in like March 21. What landlords should do, no one has solution as every one working against the interest of landlords. It is unfair with Landlords
1 Comment
Above statement is truthful and COVID-19 has made it worse. End of the a Landlord has to pay mortgage monthly instalment from his pocket.