Support for commercial landlords

Commercial finance providers are supporting business customers through these difficult times, providing assistance to deal with the disruption arising from the Covid-19 pandemic. This includes making available new and extending existing finance, restructuring facilities, providing capital payment holidays and covenant waivers.

Lenders are helping customers by providing government backed facilities with £27.5 billion of lending provided to 650,000 businesses at 24th May. 

Lenders recognise that the June/July rent quarter may create concerns for commercial landlords and tenants. Banks and finance providers are committed to supporting viable businesses and are engaging with their major landlord borrowers ahead of the next quarter day.

Lenders are providing a wide range of flexible support, including amendments to facilities and capital payment holidays, to customers to help them manage through the disruption.

Those businesses and individuals who are concerned about making loan repayments or require financial assistance during this time who have not been in contact their lenders should do so though the usual channels.

Banks and finance providers will treat customers sympathetically and consider their circumstances in a case-by-case basis.


  • Borrowers will still owe the money where a capital payment holiday has been granted and interest will still accrue, so if borrowers are able to make full or part loan repayments they should continue to do so.
  • Business borrowers seeking a capital payment holiday should contact their lender who will consider requests on a case by case basis.
  • Commercial landlords are expected to pass on the benefit of payment holidays to their tenants to ensure that they are supported during this time.
  • Borrowers who are experiencing financial difficulty should contact their lender as soon as possible if they have not already done so.

What is a capital payment holiday?

With a capital payment holiday you will not have to make loan payments for a set period of time agreed with the lender.

It's important to remember that you still owe that money and the interest on your loan still accrues during a payment holiday.

Will I be eligible for a capital payment holiday?

Requests for capital payment holidays will be considered on a case by case basis.

There a number of options available and capital payment holidays aren't always the most suitable solution for everyone. By speaking to your lender, they can tailor the best option for you.

How do I request a capital payment holiday?

You must agree a capital payment holiday with your lender in advance.

If you are concerned about making your loan payments during this time or are facing difficulty in meeting your financial obligations you should contact your lender as soon as possible.

You can request a capital payment holiday at any time before the next payment is due. The payment holiday will not start, however, until it has been agreed with your lender.

Firms are doing their best to support their customers during these unprecedented times. However, the spread of Covid-19 is also having an impact on their own staff and requests will be dealt with as quickly as possible.

What if I don't own my property but rent instead?

You should contact your landlord or managing agent if you have problems paying your rent. If you are a landlord and your tenants are unable to pay their rent you should contact your lender as soon as possible to discuss the options that may be open to you.