Property Investors Weekly News – 23/03/2020
The C Word
After the unexpected turn of events we all faced last week, we hope that this week has started off on a more positive note. Uncertain times are ahead, but we genuinely believe that this will bring in plenty of business opportunities for property investors. Keep calm, stay safe, listen to Government advice, we are all in this together!
For this week’s newsletter we have compiled some of this week’s hottest property news articles:
Complete ban on evictions and additional protection for renters
The Government has announced a radical package of measures to protect renters and landlords affected by coronavirus. The measures include:
- Emergency legislation to suspend new evictions from social or private rented accommodations during the national emergency.
- No new possession proceedings through applications to the court to start during the crisis.
- Landlords will also be protected as a 3 month mortgage payment holiday is extended to BTL mortgages.
The Government has also asked for landlords to show compassion and to allow tenants who are affected by this to remain in their homes wherever possible.
Coronavirus: What landlords need to know
The National Landlords Association (NLA) has issued a post on how they are helping landlords during the national emergency. They have mentioned the actions that they are taking for landlords as well as offering advice and guidance. A must read for all property investors!
Property vs loo roll: The value of the stockpilers stash
Forget properties or diamonds..it would appear that the most valuable asset to own in a pandemic is loo roll (or at least what the stockpilers think)
GetAgent.co.uk has calculated the value of these household items in renting and house buying terms. I know which items I would certainly prefer to be stockpiling and thats the properties!
We hope you found these news articles useful. Remember you can’t control what is happening in the world right now but you can control your mind to stay focused in achieving all your goals.
Stay safe and be vigilant on how to protect yourself and your business!