Clarity is required on what actions the government will take to protect renters in the face of the coronavirus (COVID-19) outbreak, Franz Doerr, founder and CEO of flatfair, has warned.
Moves have already been made to protect mortgage holders will a three-month mortgage repayment holiday having already been announced.
However, a lack of protection for those renting has been conspicuous in its absence.
Doerr said: “Following the Chancellor’s announcement yesterday of a three-month holiday for mortgage payments, the big elephant in the room is what this means for renters.
“The government has said it will legislate to protect renters but more clarity on what this actually means for the millions of renters up and down the country is urgently needed, especially as the economic uncertainty being caused by COVID-19 may mean many will start to struggle to pay their rents.
“Everyone involved in renting – from landlords to agents to deposit alternative providers like ourselves – should work together during these troubled times, to help ensure renters are provided with the relief they may need to come through this difficult period.”