Landlords affected by the flooding misery affecting large parts of the UK need extra help according to the National Landlords Association. The NLA has called for the government to widen its 100% Business Rate Relief to landlords, ultimately aiming for them to be exempt from council tax. Currently a landlord is liable for the council tax of an empty property. The NLA want 100% relief regarding council tax.
The NLA Chief Executive, Richard Lambert, said ”A huge number of homeowners and business have been affected by floods and it will take a substantial amount of time and expense for anyone to return their properties to use, let alone get their business back on track.
"Landlords’ properties are their business. If flooding makes them uninhabitable, they will face loss of income on top of the costs of repair and renovation.
"In many areas, they may also face having to pay Council Tax as well, as councils have dropped the discounts and exemptions which used to apply to unoccupied property. The NLA is asking the Government to extend its assistance to all those hit by these devastating floods by providing a period of exemption from Council Tax.
"Many landlords are also quite rightly anxious at present after it emerged that their properties could be excluded from flood relief insurance measures included in the Water Bill. If this oversight is not corrected before the Bill becomes law landlords in areas already suffering the effects of flood damage are likely to find their businesses destroyed and mortgages invalidated by the lack of insurance cover, leading to repossessions, empty homes and blighted communities.”
William Taylor, Director at Martin & Co Huddersfield (Estate Agent Huddersfield, Letting Agent Huddersfield & Property Management Huddersfield) added “I wholeheartedly agree with Mr Lambert and his thoughts. An added expense of council tax could be the tipping point for many landlords. I genuinely feel for the landlords, tenants and agents that have been affected during this terrible weather.”
Author: Will Taylor