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TODAY'S OTHER NEWS

BTL landlords are looking to support tenants wishing to ‘stay in their homes’

Speculation that there will be a spike in evictions once the existing evictions ban is lifted are wide of the mark, new research shows. 

There are concerns that the coronavirus crisis will eventually lead to a rise in tenant evictions, as many people face financial hardship, which partly explains why the government has extended the current ban on evicting renters, but a new poll suggests that there is not a crisis looming for private sector tenants. 

The survey of more than 2,000 tenants across England and Wales found that 90% had paid their rent as usual since the coronavirus crisis began. 

Most, 84%, had not needed to ask their landlord for any support. Of those that did ask, three quarters received a positive response.

Ben Beadle, the chief executive of the National Residential Landlords Association (NRLA), which commissioned the poll by Dynata, said: “This survey reflects what we know from our members, which is that nearly all are seeking to support tenants to stay in their homes. 

“Given that some 30% of landlords have reported facing some level of financial hardship, they will do all they can to sustain tenancies.”

Ahead of the moratorium being lifted on repossession cases later this year, the NRLA is working with the government to develop a pre-action protocol (PAP) for the private rented sector.

This would ensure that landlords and tenants have done everything possible to reach an agreement on rent arrears before any repossession can take place. 

When hearings do resume later this year, the NRLA is calling for priority to be given to cases involving debt built prior to the lockdown, where tenants are engaged in anti-social behaviour and those who might be committing domestic abuse.

Beadle added: “We understand the concerns of tenants who have built up rent arrears as a result of losing income, but even where a landlord seeks to repossesses a property, our legal advice is that a pre-action protocol would provide protection from any landlord seeking to circumvent it and allow Judges to adjourn cases where it has not been followed. 

“To argue that there will be a substantial spike in evictions is scaremongering.”

Poll: Are you among those 'seeking to support tenants to stay in their homes'?

PLACE YOUR VOTE BELOW

  • icon

    Looking to support tenants ?.. ha ha, the poll is currently showing 100% against.

    EDIT: Now showing a more reasonable 70% in favour... all the while 99.99999% of all threads on this website have comments relishing the anticipation of future evictions - that's why we all love you so much !

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    And so what happens to landlords who have to pay a mortgage?
    It will take mortgage lenders and banks about 2 months to seize the house the landlord has not been able to meet the payments!

    Guess what, as the landlord does not own the house, the banks and mortgage lenders will for sure evict the tenet from what is now THEIR house.

    So everyone loses:

    1. The Landlord loses his property and has a massive mortgage to still pay off with no capital asset.
    2. The mortgage lenders have the hassle of getting back their property.
    3. The tenant gets evicted no matter what the Government says.
    4 Local councils and hence the Government have to pay to house the evicted tenants.

    So... absolutely everyone in the entire mix loses. And they all lose a lot and they all lose it quickly. Very quickly.

    Stop it people, stop it.

    Landlords help if you can, for heave's sake mortgage providers wait a few more months and tenants, pay your blood*y debts - now and in the future and then everyone wins.

    Think about it.

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    Landlord or bank repossession - the legal procedure for eviction is still the same ?

    Your No.1 doesn't seem to add up...

    'massive mortgage... with no capital asset' - if repossession has resulted in negative equity then the initial investment decision wasn't particularly good in the first place ?

     
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    Seb, the eviction process is not the same, lenders can get occupiers out much quicker and easier .

     
  • David Lester

    At the end of this Pandemic there will be a day of reckoning, evictions, high rents and more homeless.

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    day of reckoning & evictions - yes

    high rents - you should charge for that level of comedy

    more homeless - yes

     
  • icon

    Good. Sooner the better for all those rental crooks.

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