Landlords to be taken to court if they are unable to carry out repairs during lockdown

Almost a million landlords could be forced to pay compensation to tenants if they are unable to fix problems in their properties during lockdown. 

Payments could easily add up to thousands of pounds and will come on top of legal fees and the cost of having to carry out emergency repairs. 

This is due to the fact that landlords are now under stricter legal requirements than ever to ensure their homes are safe and healthy, as the Homes Act came into force in March. 

It lays out clear requirements for landlords on how they should make their homes fit for

Read More

A landlord’s guide to coronavirus: your questions answered

Cat Westerling, of estate agency Hamptons, said landlords could be classified as self-employed but it would depend on the level of involvement they have with their properties. 

“In addition to fully managing all letting, maintenance and compliance matters a self-employed landlord would likely need to be operating multiple properties, perhaps actively looking to acquire more and generating enough income from this for it to be considered a business or trade,” she said. In this case they may be eligible for a grant. 

What other forms of financial support are available for landlords? 

Buy-to-let owners who are struggling financially but unable

Read More

Matalan and Poundstretcher under pressure from their landlords

Landlords are this week ratcheting up the pressure on businesses to pay rent during the lockdown by issuing winding up orders even against the likes of Poundstretcher and Matalan, who between them employ 14,000.

Matalan, the clothes retailer run by billionaire John Hargreaves that has more than 8,000 staff across 230 stores, has been blindsided by the writ from landlord Sheet Anchor Evolve.

Matalan is understood to have settled the debt following inquiries by The Daily Telegraph. Meanwhile, discount retailer Poundstretcher is fighting three separate claims from L&C Investments, Sheet Anchor Investments and Black Office. The company employs around

Read More

Rental market chaos as tenants struggle to pay and 80,000 landlords fear bankruptcy

The coronavirus crisis has plunged the rental market into turmoil as tenants struggle to pay bills and landlords fear financial ruin.

Property owners are struggling with unexpected costs and are concerned that when the outbreak is over they may be left with rental homes that cannot legally be let.

According to one estimate, as many as 80,000 landlords may be forced to quit the sector.

One in five private tenants face losing their job, and Shelter, the housing charity, has warned that gaps in the social security system could mean renters are in financial trouble long after the pandemic ends.

Read More