New possession grounds ‘could help landlords’ claims lender

New possession grounds ‘could help landlords’ claims lender


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Some landlords think that possession grounds proposed by the Renters Rights Bill could provide a helping hand, a new survey  claims.

The survey, conducted by buy-to-let lender Landbay, asked landlords whether the new Bill’s expanded Section 8 possession grounds would be helpful. 

These include mandatory grounds such as occupation by landlord or family, the sale of a residential property, when a superior lease ends, possession by a superior landlord, and possession to allow compliance with enforcement action.

Nearly 40% of landlords in the survey said the possession grounds would be helpful while 28% said they wouldn’t be. 

A landlord told Landbay: “Tenants should be dealt with fairly. Landlords should respond in good time to genuine issues but theyshould however be allowed to deal with problem tenants swiftly and firmly.”

But another thought that the Section 8 process would still be too protracted. They said: “I don’t believe in the abolition of section 21 as it will put a lot of financial pressure on landlords when a tenant does not pay rent and has to go down the lengthy process of section 8 to get a property back.”

The survey showed that nearly all of the landlords knew about the new Bill, with only nine per cent saying they were not aware of it.

A Landbay spokesperson says: New possession grounds could offer a helping hand to landlords in the face of abolition of section 21s. 

“Good landlords far outweigh the bad and, despite a somewhat bumpy market at the moment, demand continues to outstrip supply.”

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