Responding to an announcement from the Government that current regulations restricting repossessions will be extended until 31May and then begin to taper off, Ben Beadle, chief executive at the National Residential Landlords Association, said: “We welcome clarification that emergency measures in the rental market will be phased out in tandem with the overall roadmap out of lockdown restrictions.
“That said, the further extension to the repossessions ban will do nothing to help those landlords and tenants financially hit due to the pandemic. Given the cross-sector consensus for the need to address the rent debt crisis, it suggests the Government are unwilling to listen to the voices of those most affected.
“If the Chancellor wants to avoid causing a homelessness crisis, he must develop an urgent financial package including interest free, government guaranteed loans to help tenants in arrears to pay off rent debts built since March 2020. This is vital for those who do not qualify for benefit support. Without this, more tenants face losing their homes, and many will carry damaged credit scores, making it more difficult to rent in the future and causing huge pressure on local authorities when they can least manage it.”