The recent rental and mortgage payment holiday measures announced by Rishi Sunak have come as a great respite for those who have seen their incomes fall or even disappear because of the Coronavirus pandemic.
Here, Hiten Ganatra of Visionary Finance, explains why he believes smaller landlords holding on to their properties could be the key for protecting the PRS.
The swift and unprecedented action taken by the Chancellor has helped to ease the financial strain, particularly for renters, who are spending anywhere between 34 per cent and up to 65 per cent of their monthly income on rent.
Extending mortgage payment holidays to buy-to-let landlords has really helped to ease the pressure on landlords, who are finding it increasingly challenging to continue with their rental investments – because of previous government actions over the last five years.
There are now approximately 183 pieces of legislation which landlords and
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