Landlords rushing to remove tenants ahead of eviction ban

The Property Nomads Podcast

Rob discusses the impending ban on no-fault evictions, specifically Section 21 notices, as proposed by the Labour government, set to take effect by the summer of 2025. The conversation highlights the current challenges faced by landlords, who are rushing to issue Section 21 notices before the ban is implemented, resulting in an eight-year high in evictions.

KEY TAKEAWAYS

• The Labour government plans to implement a ban on no-fault evictions (Section 21) by summer 2025, which will make it more challenging for landlords to regain possession of their properties.
• There has been a significant rise in the issuance of Section 21 notices, with 8,425 households served between July and September, marking an eight-year high. This surge is attributed to landlords acting preemptively before the ban takes effect.
• Without the ability to issue Section 21 notices, landlords may face difficulties in evicting tenants, especially in cases where tenants are not paying rent or are otherwise problematic, leading to a potentially lengthy court process.
• There is a call for a balanced approach that considers the needs of both landlords and tenants. The suggestion is to establish an effective ombudsman system before abolishing Section 21 notices to ensure a fair resolution process.

BEST MOMENTS

"It's no surprise to see that Ministry of Justice figures show between July and September, 8,425 households in England were served with Section 21 notices, which is at an eight-year high."

"By taking that away, you then have this situation where if you want to get your property back, you're now going to struggle to do so."

"If the ombudsman was in place beforehand, and it was being tested, and it was relatively efficient, I think that would be more palatable for most people."

"Landlords will cite the same thing... and a lot of tenants, or housing charities, will take the other side of the fence and just point their fingers at landlords."

"If it was me, I'd flip it and do the ombudsman first and go from there. Let's see what happens."

VALUABLE RESOURCES

https://www.msn.com/en-gb/news/uknews/landlords-rush-to-force-out-tenants-ahead-of-labour-s-no-fault-eviction-ban/ar-AA1u5qwz?ocid=winp2fptaskbar&cvid=13d432bc60894632ff342e86742efd84&ei=7

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast