A government plan to ban no-fault evictions in England will backfire, landlords say, as lower-income tenants will find it harder to rent homes.
Extension to legislation proposed by Welsh housing minister will see tenants given minimum contract term of 12 months.
Almost half of landlords and letting agents are more likely to remove some or all of their investment in the private rented sector as a result of the Government’s plans to end Section 21 repossessions, a new survey has found.
A Government Minister has pledged to make changes to the courts to speed up the ability of landlords to repossess properties in legitimate circumstances in England.
Following three years of stability there has been a dramatic rise in mortgage possession claims with both owner-occupier and buy-to-let loans.
Abolishing “no-fault” evictions in England, a move described as the biggest overhaul for renters in a generation, could have a huge impact on rural landlords and agricultural tenants.
Private landlords will no longer be able to evict tenants at short notice without good reason under new plans.
The right of a landlord in the UK to repossess a property in legitimate circumstances need to be protected if the sector is to give its backing to longer tenancies being available, it is suggested.
Only 5% of those who complained about conditions were protected by councils
The number of homes repossessed in the UK fell to its lowest level since 1980 last year, industry figures show.
A house in Mayfair that was sold for £19.175m in 2014 and put on the market this year at £25m has been sold - for just £15m.
But ten years after they took out a mortgage, Peter and Lisa King are now in debt by £500,000, and are due to have their home in Essex repossessed.
The number of homes seized by lenders due to owners falling behind on their mortgage repayments has fallen to a new low.
A tribunal has ruled that a tenant must leave his 120ha (300-acre) farm near Skipton, North Yorkshire, after issuing a rare Certificate of Bad Husbandry.
The case, Yorke v Barron, was heard by the First Tier Property Chamber Tribunal at Skipton Law Courts in January, with the decision given on 28 February.
Fewer homes were repossessed last year than in any year since 1982 - but lenders are warning that mortgage rates will not always be so favourable.
A total of 7,700 UK homes were repossessed last year compared with 10,200 in 2015, figures from the Council of Mortgage Lenders (CML) show.
More than 100 households were evicted every day from rented homes in England last year, the latest figures show.
Some 39,723 homes were repossessed by bailiffs in the 12 months to September 2016 - equivalent to 108 per day, Ministry of Justice data says.
A minority of agents remain unaware of their duties when it comes to tenant repairs requests, something which could invalidate landlords' ability to serve a Section 21 eviction notice in the future.
The number of households evicted from rental accommodation in England and Wales rose by 5% in the first three months of the year, while the repossession rate for home owners fell to a record low.
Seasonally adjusted figures from the Ministry of Justice show there were 10,732 repossessions of rented homes by bailiffs between January and March 2016, up from 10,253 in the final three months of 2015.
The number of tenants evicted from their homes by bailiffs reached a record high in 2015, according to official figures for England and Wales, which shows that 42,728 households in rented accommodation were forcibly removed.
Changes to the process of accelerated possession have put an end to so-called ‘seven day evictions’.
In reality there never was such a thing, says Paul Shamplina of evictions specialist firm Landlord Action.
Most landlords and agents make possession claims through the county court and these are enforced by county court bailiffs.
However, with a backlog of cases and a reduction of bailiffs, it can take several weeks for bailiffs to carry out an eviction.
The Supreme Court has ruled that rights to a private and family life need not get in the way of legitimate cases where agents, landlords and mortgage lenders need to reclaim possession of a rented home.
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