A scheme providing interest-free loans to tenants with Covid-related arrears must be provided all through the UK.
That’s the view of David Alexander of property administration company Apropos, who says such a scheme – at current operated in Scotland – must be unfold all through the rest of the UK.
“This scheme is welcome as it will support tenants in paying their rent during this difficult period. The Westminster government should offer a similar scheme in the rest of the UK to ensure that tenants facing financial difficulties due to the pandemic are supported in paying their rent” he insists.
“This in turn will help landlords who are badly in need of financial support to maintain their properties at a time when regular rental incomes have sometimes become more erratic” he continues.
“However, it is vital that tenants who receive these funds must use them to pay their rent. If the private rental sector is to survive the pandemic – and it needs to as it is the second largest provider of homes in the UK – then governments need to support tenants and landlords through these difficult days.”
Scottish housing minister Kevin Stewart has talked about that the loan scheme, which has a £10m pool of public cash, must suggest that no one must be left ready the place they will’t entry help to pay their rent. The scheme opens north of the border in November.
Alexander continues: “Although this generally is a additional financial burden for presidency at a time when nationwide debt is hovering there generally is a so much bigger human price if tenants can’t pay their rent.
“The dearth of rental earnings expert by landlords would possibly result in many being unable to take care of their properties and beginning to exit the market. A substantial lack of properties could be catastrophic for lots of 1000’s of people and highlights the need to once more everyone involved inside the personal rental sector proper now.
“The Tenant loan Scheme is one way of keeping people in their homes, and landlords in the market, and the UK government must establish a similar scheme immediately to help support the sector through a potentially difficult autumn.”
