Could be waiting until the latter half of 2021 to regain possession?

by Readers Question

9:49 AM, 14th September 2020
About 2 weeks ago

Could be waiting until the latter half of 2021 to regain possession?

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Could be waiting until the latter half of 2021 to regain possession?

On the 5th of June 2020, the UK Government announced that it would be suspending all housing possession cases in the courts for a further 2 months. Recently, this was extended again taking the total ban on legal evictions to 6 months. The Government have confirmed that the new 6-month notice period will be in place until at least the end of March 2021 which means that for all Section 21 Notices and many Section 8 notices, tenants will have 6 months notice to vacate the property.

With the introduction of the new ban on meet up’s of more than 6 people indoors or out, we’ve been left wondering whether the eviction ban will be extended again meaning that Landlords could be waiting until the latter half of 2021 to regain possession of their properties.

We feel that the Government is having substantial difficulty striking the right balance between protecting the renters and protecting the Landlords from financial difficulty as many have BTL mortgages to pay. With the difficulties that COVID-19 is bringing, we are seeing more Landlords wanting to evict their tenants and sell the properties to minimise their losses, however, these Landlords are in the same boat because they will still need to give their resident tenants 6 months notice and wait for a court date if they choose not to leave.

Landlords, Agents and tenants alike are watching intently to see what the Government’s next move is.

What do you think?

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Comments

Lindsay Keith

11:04 AM, 14th September 2020
About 2 weeks ago

As it is, county court litigation proceeds (if that's the word) at a heartbreaking slow pace. Adjournments for the tenant not being ready and looking pathetic will be granted, whatever the establishment say about speeding things up!
Small wonder that some landlords are not re letting but selling to take advantage of the SDLT holiday and before a forecast market slump next year?

moneymanager

13:25 PM, 14th September 2020
About 2 weeks ago

We'd love to sell to downsize the porfolio and reduce gearing just as Carney wanted, there is demand but the EWS1 requirements have thrown a total spanner in the works. The building has not ONE square inch of flammable pannelling, the building documentation was all good BUT but the invasive tests found a bit of poor practice and FRAUD, thermal insulation panelling of only one third the spec. apparently we are going to have to rip off acres of wet slip bricks for no faffing benefit and about a delay of 18/24 months, utterly pointless.

Badger

10:53 AM, 19th September 2020
About 6 days ago

Reply to the comment left by moneymanager at 14/09/2020 - 13:25
Call me cynical, but I suspect that a good deal more of this type of fraud is going to end up be uncovered before the end of all of this.


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