Calls For 80% Rental Income Guarantee For Small Landlords

Asset manager Spicerhaart Corporate Sales has called for the government’s 80% salary guarantee to be extended to rental income for small private landlords. The call follows measures put in place to protect tenants from eviction, as possessions activity has been frozen for at least three months. Mark Pilling, managing director of Spicerhaart Corporate Sales, said: “If there seem to be no consequences to non-payment, some struggling tenants will naturally prioritise other bills, and will be more likely to ignore attempts to communicate with them to manage the situation.” Read more on the Property Wire website.

https://www.propertywire.com/news/iamproperty-to-continue-paying-estate-agents-during-the-covid-19-crisis

Prisk Announces £10bn Lending Guarantees

The Government is setting out how two new schemes will put up to £10bn of lending guarantees to work so investors can expand the private rented sector and build new affordable homes.  Ministers are publishing further details on two guarantee schemes that will use the Government’s "fiscal credibility" to provide property investors with low-cost finance so they can deliver new private rented or affordable housing. The guarantees will support new build projects, located in the United Kingdom.  Read more on the CLG website.