The 3-month moratorium on mortgage repayment announced by the UK government is a positive step in the right direction considering the latest developments surrounding Covid-19 across the nation.

This decision comes as a huge relief to buy-to-let landlords and renters, who are likely to face uncertainty in view of the prevailing conditions across the UK. It is not clear for long the situation will persist, but the government’s decision will help thousands of landlords and renters.

Many landlord groups have welcomed the government’s moratorium. In a joint statement, the Residential Landlords Association and the National Landlords Association said: “Our priority is to ensure that tenants are secure in their homes during this crisis. The three-month buy-to-let mortgage payment holiday will take a lot of pressure off landlords enabling them to be as flexible as possible with tenants facing difficulties with their rent payments.”

“No responsible landlord will be considering evicting tenants because of difficulties arising from the current situation. There does need to be some flexibility though such as with dealing with a tenant engaging in anti-social behaviour. This could cause misery for fellow tenants or neighbours especially when they are going to be spending a lot of time together.”

Several banks and building societies have already announced the moratorium for their customers. The second-largest buy-to-let mortgage provider Nationwide was among the first to announce the moratorium to protect the interest of the landlords and renters. Many other banks and building societies are following in the footsteps of Nationwide.