Coronavirus: Updated guidance for landlords
This month the Government introduced a three tier system of alert levels to control the spread of coronavirus. and announced a new job support scheme which is set to be introduced next week as the furlough scheme winds down.
We have updated our various coronavirus guides to reflect these important changes, covering what landlords need to be aware of in relation to property management, financial support and minimising the risk to health.
Property Management guidance
Whether you want to know which Tier your rental property is in, or would just like some more information about how to manage your property at this time, give our coronavirus property management guide a read.
You can also check out a recent call of the week relating to whether house moves can still go ahead in one Tier 3 area.
Financial support guidance
The furlough scheme comes to an end on 31st October, and in November a new job support scheme will be introduced. This scheme will run for six months, and will start on 1st November 2020. A business will continue to pay the employee for time worked, but the cost of hours that are not worked will be split between the employer, the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.The Government will pay a third of hours not worked up to a cap, with the employer also contributing a third. This guide also includes useful links where landlords and tenants can get some advice on Universal Credit, and information on mortgages.
Minimising risks to health
As part of our series of guides on coronavirus, there is also a guide on minimising risks to health. This guide explains what Tier's 1, 2 and 3 mean, and also includes useful links to infomation on how to minimise health risks in HMO properties, and how to work in other people's homes safely. To read this guide, click here.