Weekdays at 8pm – Live Q&A – Preparing for the Coronavirus financial impact
Join me live 8pm here:
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Fail to plan, plan to fail. Let’s work together to get the best financial crisis plan in order
Have you planned for a financial crisis due to Coronavirus?
I am running live Q&A sessions to help everyone to deal with the potential financial crisis that may be caused by the Coronavirus.
I wish for us all the have our health. That is the most important thing. I also wish for us to have and maintain our wealth too.
I will be providing daily updates to the things I am learning each day as part of my research
Updates on support:
– Government email alter updates:
– NLA support for landlords:
– Martin Lewis:
– Financial Conduct Authority (FCA) for mortgage/loan debt:
Ask for Interest & capital payment holidays from:
– Credit cards
– Loan providers
– Home mortgages
– Buy to let mortgages
Direct debits / standing orders, review and cancel
– Gym memberships (cant go anyway)
– Hair & beauty treatments may be closed anyway
– Online educational support / marketing materials
– Postpone projects that are not business critical
Holidays and special events: Review, cancel and insurance
– Wedding venues, honeymoons
– Business events and trips
Tenants and rental income
– Speak with tenants. I have already had to let go two tenants because they knew they were going to struggle after being made redundant. As landlords we may need to be sympathetic and let tenants go early.
– NLA guaranteed rental income insurance:
– Own insurance for buy to lets to see what their policy is on tenants failing to pay because of Coronavirus
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