You are here: Home - Mortgages - Buy To Let - News -

Landlords call for balanced repossession rights

0
Written by: Samantha Partington
02/12/2020
Private landlords are calling on the government for a “fundamental reform of repossession rights” that balance the level of protection given to both landlords and tenants.

The National Residential Landlords Association (NRLA) has published its proposals for the government’s Renters’ Reform Bill which will ban section 21, or no fault evictions.

NRLA wants the government to give landlords “clear and comprehensive” ground to repossess a property where there has been a fault, or if the landlord needs to sell or move back in to the home.

The trade body has proposed a counselling service be set up to resolve issues between tenants and landlords. The tribunal would use specialist judges and court officials to draw up agreements between landlords and tenants.

If a tenant breaks the terms of the agreement, the landlord could have their claim for possession fast tracked through the courts. If the landlord reneges on the agreement, they cannot issue another possession notice for six months.

The government’s support of a lifetime deposit for tenants that can follow them round from property to property, getting rid of the need to save for a new deposit every time they move, came under fire in the NRLA’s proposals.

It wants any new lifetime system not to discourage landlords from making valid claims for damage to properties. The NRLA said landlords should not be expected to give up their rights to legitimately use the security deposit until they are satisfied they do not need to make a claim.

Ben Beadle, chief executive of the NRLA, said: “As the government prepares this important bill, it needs to enjoy the full confidence of both landlords and tenants.

“Our proposals are for a fundamental reform of repossession rights which strike the balance between the needs of both. The overriding aim is to sustain tenancies wherever possible or bring them to an end in a collaborative way.

“We hope that ministers will accept our proposals and act on them soon.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Ryanair reports 82% drop in November traffic

Ryanair’s November traffic was down 82% as just two million holidaymakers took flights in the month.

Close