The Liberal Democrats have pledged to abolish Section 21 repossessions in the private rented sector if they come to power at the next general election.
Members voted for the new policy at their party conference in Bournemouth yesterday by an overwhelming majority.
The existing government’s current consultation on the abolition of Section 21 runs until Saturday 12th October. The proposal to remove Assured Shorthold Tenancies (ASTs) from the Housing Act 1988 essentially means that assured tenancies will become the only type of tenancy available to landlords.
David Cox, chief executive at ARLA Propertymark, commented: “The vote at the Liberal Democrat Conference is another attack on the private rental sector and landlords operating within it.
“The effects of the tenant fees ban have not yet been felt, and yet more proposed legislation could deter landlords from operating in the market.
“Although in the majority of cases there is no need for Section 21 to be used, there are times when a landlord has no choice but to take action and evict tenants from a property.
“The proposed commitment will only increase pressure on the sector and discourage new landlords from investing in buy-to-let properties. This comes at a time when demand is dramatically outpacing supply, and rent costs are rising.
“ARLA Propertymark will be engaging with the Liberal Democrats to ensure they fully understand the consequences of any changes, and all changes are based on evidence, so landlords have the ability to regain their properties if needed.”