letting & estate agents
The Government has announced that it is to ban ‘no fault’ Section 21 evictions ending one of the key tools that letting agents and landlords use to end tenancies.
James Brokenshire has called the plans the ‘biggest change to the private rental sector in a generation’.
“By abolishing these kinds of evictions, every single person living in the private rented sector will be empowered to make the right housing choice for themselves – not have it made for them,” he said. And in a rare departure from Brexit preparations, PM Theresa May has also taken time to back the plans, saying the shake-up will protect tenants from “unethical behaviour” and give them the “long-term certainty and the peace of mind they deserve”.
The announcement has the support of lender Nationwide whose Director of Home Propositions Paul Wooton says:
“Nationwide has been calling on Government for some time to introduce indefinite tenancies and we welcome their commitment on this issue. Tenants who are paying rent and not breaching tenancy agreements should be able to stay in their home unless the landlord has legitimate reasons for ending the tenancy.”
But the planned abolition of Section 21 has not gone down well among letting agents.
“Today’s news could be devastating for the private rented sector and landlords operating within it,”