Landlords see possible benefit from Section 8 in Renters Rights Bill

Published on

Landlords believe that possession grounds proposed by the Renters Rights Bill make up for the abolition of Section 21 ‘no fault’ evictions, according to a survey, conducted by buy-to-let lender Landbay.

The survey asked landlords whether the new Bill’s expanded Section 8 possession grounds would be helpful. These include mandatory grounds such as occupation by landlord or family, the sale of a residential property, when a superior lease ends, possession by a superior landlord, and possession to allow compliance with enforcement action.

Nearly 40% of landlords in the survey said the possession grounds would be helpful while 28% said they wouldn’t be.

One landlord told Landbay: “Tenants should be dealt with fairly. Landlords should respond in good time to genuine issues but they should however be allowed to deal with problem tenants swiftly and firmly.”

However, another landlord thought that the Section 8 process would still be too protracted. They said: “I don’t believe in the abolition of section 21 as it will put a lot of financial pressure on landlords when a tenant does not pay rent and has to go down the lengthy process of Section 8 to get a property back.”

The survey found that nearly all of the landlords knew about the new Bill, with only 9% saying they were not aware of it.

Rob-Stanton-Landbay
Rob Stanton

Rob Stanton, sales and distribution director at Landbay, said: “New possession grounds could offer a helping hand to landlords in the face of abolition of section 21s.

“Good landlords far outweigh the bad and, despite a somewhat bumpy market at the moment, demand continues to outstrip supply.

“As a buy-to-let lender, we are here to help should landlords need extra financing. We remain committed to doing our bit to help, innovating to meet the needs of landlords.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Right Mortgage appoints new head of academy

The Right Mortgage & Protection Network has appointed Rebecca Egerton as head of The...

Stamp Duty could be holding back 300,000 home movers

Stamp Duty costs could be preventing more than 300,000 owner-occupied homes from coming to...

National Friendly joins Primis panel

National Friendly's range of protection products are now available to advisers across the Primis...

‘AI challenges intermediation,’ warns FCA

The Financial Conduct Authority (FCA) has today released its long-awaited Mills Review, which sets...

Burnham’s property tax could hit mortgage lending, warns Maskells

A proposed proportional property tax backed by Andy Burnham could hit mortgage lending, tighten...

Latest publication

Other news

The Right Mortgage appoints new head of academy

The Right Mortgage & Protection Network has appointed Rebecca Egerton as head of The...

Stamp Duty could be holding back 300,000 home movers

Stamp Duty costs could be preventing more than 300,000 owner-occupied homes from coming to...

National Friendly joins Primis panel

National Friendly's range of protection products are now available to advisers across the Primis...