Tonight I met the PM and pressed for support for those affected by coronavirus, including rent deferrals, mortgage holidays, higher statutory sick pay and income protection for insecure, low-paid and self-employed workers. It’s essential for both public health and social justice.
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That's what the whole concept of credit is for, to ride out what you think will be temporary storms The whole difference between the landlord and r tenant in this situation is the landlord has collateral to borrow against
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No lender worth their salt would lend further funds on a buy to let without evidence of the rental income coming in for the subject property Collateral means nothing if the lender does not accept the risk
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Sounds like they should've thought ahead and opened a HELOC during good times to prepare for the possibility of long vacancies while building a cash cushion Or does this kind of advice only apply to scolding tenants for not having extra months of rent saved
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