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Shocking extent of ‘no fault’ evictions revealed by research

Some 21% of all Millennial renters have been forced to move out after their home was put on the market by their landlord.

Nigel Lewis

A fifth of all Millennial renters have experienced being forced out of their home by landlords seeking to sell their buy-to-let properties, it has been claimed.

Research by online buy-to-let property marketplace Vesta also documents how nearly 40% of tenants aged 36 to 44 years old have little or no idea of their rights during ‘no fault’ evictions and that a third were unaware it could happen.

But discontent is brewing – three quarters of those questioned in the survey said tenants should have greater rights when a property is sold by a landlord and should have greater security of tenancy.

No-fault evictions caused mental health issues for 9% of those canvassed by Vesta, and triggered financial problems for 14%.

“The current buying and selling system, where good tenants are evicted for no reason other than to sell a property, makes life harder for everyone,” says Vesta’s CEO Russell Gould (left).

“The sector needs to move with the times and mould the system into something that works for both landlords and tenants alike.

“Specifically, the practice of advising a landlord to evict tenants in order to sell a property is outdated. The sector needs new models such as Vesta that offers tenants-in-place during the sale process thereby satisfying tenants who want to keep their home and landlords who wish to sell.”

Despite calling for greater security of tenure for tenants, the government has so far refused to reform the current ‘no fault’ eviction legislation, which enables landlords to remove a tenant after the fixed-term has ended.

 

January 28, 2019

3 comments

  1. Are we losing sight as to whose property it is? Does the tenant own the house? – No, the landlord owns the house and as such should have the choices as to who lives there, how long they live there and when they should leave. As a landlord myself for over 25 years I have had 1 tenant go bad on me, the others have stayed as long as they liked provided they looked after my properties. I will soon be selling up, my tenants will be given notice but they understood that when they signed the tenancy agreement. Next thing will be gov dictating that banks cannot repossess houses when the mortgage isn’t paid!

  2. The Government has increased taxation for Landlords, to try and help ‘generation rent’ access the housing ladder. Consequently if you make it harder for a landlord to obtain possession to sell, then you further reduce the housing stock available for ‘generation rent’ to buy. The Government has been consulting on longer term tenancies, however people often forget that an AST can be created for any length between 6 months and up to a 7 year fixed term. In over 30 years in the industry, I have never had a tenant request longer than a 5 year term, and mostly if longer than 12 months, they have asked for 2 years. Without exception the landlords have always accepted the tenants request. Therefore I suggest the problem is not with the current legislation, but how it is used.

  3. The whole point of all the anti PRS landlord initiatives was to free up the sort of properties the baby boomers are buying up with their post 55 pension pots. To provide themselves a higher yield than having an annuity that performs badly because of record low interest rates.

    Now that’s working and the millennials are being given opportunity to buy that’s wrong too?

    Tenants taking assured short term tenancies need to understand that section 21 is not an eviction, it’s the end of the contract term. A bit like when holiday is over the hotel checks out guests and cleans the room, same thing.

    A tenant wishing for a longer notice period can always negotiate that with the landlord or agent before agreeing the terms of the tenancy

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