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Landlords shouldn’t be expected to prop up the rental market

Much of Britain’s economy has been ordered into hibernation as the virus wreaks havoc on the retail and leisure sectors. And while the furlough scheme has been a saving grace for many thousands of people working across such industries, for the private rental market such generous help has not been as forthcoming.

Despite mountains of debt piling up at the feet of landlords, they are still being expected to keep the market afloat. Quite justifiably, many feel alone in their battle to stave off the economic onslaught Covid-19 is inflicting on the rental sector. The reality is, though, that without some form of drastic action, the future for Britain’s 2.7 million buy-to-let landlords looks very bleak indeed.

 

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