9:42 AM, 17th July 2018, About 4 years ago 3
A new research report released by Simple Landlords insurance indicates the average number of days for court-appointed bailiffs to remove tenants from private landlords’ properties after bringing a claim to court is 118 days.
Analysis of Ministry of Justice figures shows 21,429 possession claims were brought to court last year and of these 6,260 ended in eviction by bailiff.
The length of time to eviction is actually down from last year at 153 days but the insurer said that when you add the 2 months of rent arrears required to issue a section 8 notice a landlord is realistically looking at 6 months without any rental income.
The figures also confirm London as the evictions capital, and the South West, North East and West Midlands with the lowest rates of repossession.
Director of underwriting at Simple Landlords Insurance, Tom Cooper, said: “The good news for everyone is that in 2017 only 0.5% of landlords made a possession claim in court.
“Only a third of those had to go through to the bitter bailiff end. The bad news is that if it does happen to you it can cost a lot of money and not just the average £1,700 to £2,000 in legal fees.
“We wanted to get a more realistic idea of the impact of the process in terms of lost income, inconvenience and ongoing legal fees in the worst and longest case scenarios. Just looking at lost rent, there are few landlords who can afford to lose up to six months’ worth. The time it takes for a tenant to go into arrears, for them to issue a Section 21 notice, and then for them wait 17 weeks to see the court process through.”
Analysis figures snapshot:
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.