The Property Podcast

ASK228: How do mortgage holidays actually work? PLUS: Should I reduce my rent?

Informações:

Sinopsis

It’s Tuesday which means it’s another episode of Ask Rob & Rob, and they’re changing things up today.  Coronavirus has naturally ramped up the number of questions we’ve been getting through. So Rob & Rob have decided to combine some of the popular ones.  The main question we’ve been asked is around buy-to-let mortgage holidays. There appears to be a fair bit of confusion about how these work.  Rob & Rob have addressed the situation to give property investors a better understanding. Here’s what you can expect them to answer: Can I get multiple mortgage holidays? I have properties with several different lenders, will they all honour it? I’ve got a property that's currently empty between tenants, can I get a mortgage holiday on it? If I take a mortgage holiday do I have to defer the rent to my tenant?    As the demand for letting property right now is likely to drop, should landlords be taking a reduction in rent?    Well…tune in and you’ll find that one out!    With all the negative news going