With the outbreak of Covid-19 and the subsequent lockdown requirements to help support the NHS and save lives, many people are starting to struggle financially. In an attempt to help mortgage holders ease their immediate financial worries the government announced that anyone struggling financially because of the virus could apply for a 3 month mortgage payment holiday. In this article we will look at the mortgage holiday systems and give details on how to apply for them.

 

Important Note

Before you apply for a payment holiday it is important to understand that interest will still accrue on the mortgage and your repayments will be higher than they are currently at the end of the holiday period. Do not stop payments on your mortgage unless you have an agreement with your lender that you can have the payment freeze. Do not cancel your direct debit without speaking to your lender.

What is a mortgage holiday?

Being a landlord is no easy task, especially during the current pandemic and the ongoing changes due to COVID-19. We understand that this is a concerning time for landlords as well as tenants, and that it may be difficult to keep up with the latest Governments advice and changes. From suspended evictions, to extended notice periods and three-month mortgage holidays, we have rounded up the latest guidance for landlords from the Government to help keep you up to date in the current landscape.

Suspended Evictions

You will probably have heard that the government plan to suspend evictions during the current Covid-19 situation. We realise this will cause many landlords concern, with the potential loss of income considering that many will have a mortgage to pay. It was previously discussed that homeowners should get a three-month holiday

Over the Winter months most of us go into hibernation mode and resign ourselves to seeing out the colder months under a nice warm blanket. The last thing we feel like doing is keeping up with the external maintenance of our homes. Now Spring is just around the corner and the sun is starting to make more of an appearance, it is time to do those all-important outside jobs we have been putting off.

Roof

The recent storms have battered our homes and it isn’t uncommon for roof tiles to have come loose or to have cracked. If these are not repaired the roof will become unsound and a potential source of leaks. You will need to check for signs that tiles have slipped or cracked.

Top Tip: the camera on your Smart Phone is most likely far more powerful than your eyes, try taking pictures of your roof and zoom in to inspect your roof. If there are any issues organise for a reputable roofing company to inspect the damage. It is good practice to get three quotes, not just to find the best deal.

Image result for Covid 19Image result for Covid 19

Following the recent COVID-19 virus outbreak we wanted to reassure our clients that we are currently taking every precaution necessary to ensure the health and wellbeing of our staff and clients whilst continuing to operate as normal. 

During this time we are encouraging all staff members not to take unnecessary risks and therefore we are advising viewing staff to refrain from hand shaking and ask them to make minimal contact with surfaces when visiting properties.  We would like to assure you that all members of staff are currently well and are being encouraged to adhere to the latest Government advice. 

If you, or anyone you have been in contact with, becomes unwell ahead of our visit, we respectfully ask you to let us know. 

We will continue to monitor the Government’s advice and will update our protocol as and when necessary.

For more information please click on the link below:

https://www.publichealth.hscni.net/news/covid-19-coronavirus 

Airsat Real Estate

Since the coronavirus is known to spread through close human contact, it's important to slow spread by working from home when possible and avoiding large events. But if, like many city-dwellers, you live with roommates, keeping yourself safe could take a few extra steps.

Health experts know that the coronavirus spreads through droplets when someone coughs or sneezes and those droplets touch another person or nearby surface. For that reason, having in-depth conversations about what to do in the event you or your roommates get ill is essential, according to Dr. Saskia Popescu, an infection prevention epidemiologist who specializes in combating global health security threats.

"I think the biggest thing is just encouraging transparency between people, because whether there's COVID-19 in the world or not, we should stay home when we're sick and try and avoid spreading that to other people," Popescu said.

She suggested creating a contingency plan with anyone you live with to ensure you're on the same page hygiene-wise and know how to keep each other safe in the event one roommate gets