UK Finance

Lenders confirm support for commercial landlords

The banking and finance industry has confirmed its support for commercial landlords who are worried they might not meet payments.

Representative body UK Finance stated that lenders were committed to helping viable businesses and had flexible support available.

With the June/July rent quarter approaching, UK Finance said that lenders recognised that commercial landlords and their tenants may have concerns about their ability to make payments.

Stephen Jones, chief executive at UK Finance, said: “Commercial finance providers are working hard to support business customers through these difficult times and lenders recognise that the current situation poses particular challenges for commercial landlords and their tenants.

“A wide range of flexible support is available, including amendments to facilities and capital payment holidays to help landlords and their tenants manage through the disruption.

“As part of the support being provided ahead of the June quarter day, all the main commercial lenders are proactively contacting their major commercial landlord borrowers to identify concerns they have and provide support where appropriate.”

Landlords are urged to contact lenders if they are concerned about making loan repayments, if they have not done so already.

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