propertytalk Live!

  • Increase font size
  • Default font size
  • Decrease font size
Home Letting Tenants now no longer under threat of eviction

Tenants now no longer under threat of eviction

User Rating: / 1
PoorBest 

Housing Minister Grant Shapps has welcomed new rules which mean that tenants will no longer live in fear of being booted out of their home with little or no notice.

If a landlord had not been given consent to let out their property from their lender, and later faced repossession action, the tenants could be left vulnerable since the courts were unable to take account of their circumstances and many were placed in the distressing situation of being given very short notice to find a new place to live.

But the new rules, which came into force 1st October 2010, mean that tenants will for the first time be able to attend the court hearing, and judges will be able to take their situation into account and delay repossession by up to two months to give them more time to find a new home.

The new guidance makes clear the rights these tenants have when their landlord faces repossession action, but also sets out the steps lenders must take. These changes come as part of the Mortgage Repossessions (Protection of Tenants etc) Act 2010.

Housing Minister Grant Shapps said:

"Of course all landlords should get permission from their lender before renting out their home. But when landlords don't, and they face the real prospect of repossession, their tenants should not be left worse off than any other tenant as a result.

"That's why I backed the Mortgage Repossessions Bill last year so tenants can have their voices heard in court, and can get enough time to find a new place to live.

"As with all homeowners, I expect lenders to seek repossession only as a last resort. But where action is being taken against a landlord, their tenants must get a fair amount of time to find themselves a new home."

Have your say on this story using the comment section below

Property Software by Eurolink



Add this page to your favorite Social Bookmarking websites
Digg! Del.icio.us! Facebook! MySpace! Reddit! Mixx! Google! Live! Slashdot! Technorati! StumbleUpon! MySpace! Spurl! Furl! Yahoo!

Trackback(0)

TrackBack URI for this entry

Comments (1)

Subscribe to this comment's feed
Tenants to stay on...
I think it's a good thing that tenants can have their say. We sadly had a case last year where a landlord got repo'd but the tenants had been paying their rent and looking after the property good as gold. The mortgage companies, in these cases, may be able to actually get some of the income that the asset is generating.
Sam , October 05, 2010 | url

Write comment

smaller | bigger

busy
 

Talkmail™

Sign-up to receive our newsletter.

Powered by MailChimp

Related Items

Who's Online

We have 227 guests online

Latest Comments

Kevin McCloud to sup...
If government is really behind this initiative why...
Scottish property in...
I totally disagree with this article. I see stron...
Double-dip recession...
Ive stopped buying ive had a good run over the pas...
Double-dip recession...
I quite agree! We are waiting for stability from b...
Thousands may lose t...
There is no reason why people can demand to live i...

You can follow us!

  We Love Property on Facebook.com

 Buy propertytalk Live! merchandise at:

We Love Property on Cafepress.com

Advertisement

Featured Links: