What is the latest government support for landlords and tenants – residential and commercial?

Posted on 25th March 2020 by Streets

Image to represent What is the latest government support for landlords and tenants – residential and commercial?

The areas currently being requested are increased efforts to support a reduction in landlord costs for those without mortgages, examples of this being postponement of all but emergency repairs and waiving costs such as ground rent fees in relation to leasehold properties.

In addition to this, a request in boosting tenant incomes by action such as scrapping the 5 week wait for universal credit and ensuring the housing element properly reflects rent levels.

Whilst the government continues to review its support package for landlords, here is what we do know.

Residential landlords and tenants

The mortgage holiday payments announced for home owners is being extended to landlords which means landlords will have a three-month mortgage payment holiday on buy to let mortgages.

The new legislation which is expected to be passed this week will also prevent landlords from evicting tenants who run into financial difficulties during the period of the Covid-19 emergency.

Now "No renter in either social or private accommodation will be forced out of their home during this difficult time" said the Secretary of State for Housing, Communities and Local Government Robert Jenrick MP.

The purpose of the mortgage holiday scenario is to stop tenants being evicted. However, it is yet to be seen what evidence lenders may require to evidence i.e. tenants have lost their jobs and whether in reality they will have time to apply this on a case by case basis.

Lenders have confirmed that they will add landlords rolled up interest to the outstanding mortgage and as a result, the mortgage balance and monthly payments will increase.

In addition, no new possession proceedings through applications to the court are to start during the crisis.

Commercial Tenants

The government has also announced that commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction if they miss a payment in the next three months.

As commercial tenants will still be liable for the rent after this period the government is actively monitoring the impact on commercial landlords’ cashflow and continues to be in dialogue with them.

Therefore, the measures included in the emergency Coronavirus Bill currently going through Parliament will mean no business will be forced out of their premises if they miss a payment in the next three months.

No Advice

The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.


The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.

Expert insight and news straight
to your inbox

Related Articles

Is it time to reflect on the culture of your organisation?

Having been involved in recruitment interviews recently, in which seemingly all applicants asked what the culture of the organisation was like, it did give rise to reflection on the same and what is meant by culture and how it affects the success or otherwise of an organisation. Organisational ...

Class 4 NICs who is liable?

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are £12,570 or more a year. Class 4 NIC rates for the tax year 2024-25 are 6% (2023-24: 9%) for chargeable profits between £12,570 and

Post Transaction Valuation Checks

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a capital gains tax liability or for companies to calculate corporation tax liability on chargeable gains. The request for a PTVC should be made using

You might also be interested in...