Landlords Welcome Support for Incomes During Coronavirus Crisis
Article Posted - 20th March 2020
LANDLORDS WELCOME SUPPORT FOR INCOMES DURING CORONAVIRUS
LANDLORDS are welcoming the Chancellor's package of measures to support people's incomes during the coronavirus outbreak.
The Residential Landlords Association and the National Landlords Association are pointing especially to the decision to ensure the Local Housing Allowance is guaranteed to cover at least 30 per cent of market rents in a claimant's area as a vital measure to support tenants and landlords. Combined with grants to cover up to 80 per cent of wages, where workers are retained but are unable to work, this package will go a long way to sustain tenancies.
In a joint statement, the RLA and the NLA said:
“We warmly welcome today's announcement by the Chancellor. It will give tenants and landlords much greater confidence that rents can be paid through the ongoing crisis which is clearly preferable to deferring rents through rent payment holidays.
“We will continue to work constructively with the Government to ensure everything possible is done to support tenants and landlords through these difficult times.”
- Further information about the RLA can be found at http://www.rla.org.uk/aboutus or by following it on twitter @RLA_News.
- Further information about the NLA can be found at https://landlords.org.uk/ or by following it on twitter @nationalandlord.
- For further information or for requests for interviews please contact Ed Jacobs on 07706386773 or by emailing firstname.lastname@example.org.
Join the NLA
The NLA is the UK's leading association providing support for private residential landlords, serving over 40,000 members nationwide. New landlords join the NLA for advice, information and guidance and to keep up-to-date with fast changing laws and regulations.
Join today and receive instant access to a wide range of key landlord services, award-winning resources and exclusive supplier discounts.Become a member