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A survey carried out by Landlord Action, housing law specialist and part of the Hamilton Fraser Group, has revealed that 26 per cent ¹ of landlords who have issued a Section 21 notice of eviction to their tenants in the last 12 months have done so because they plan to sell their property. Similarly, 24 per cent of those who plan to evict their tenants in the next 12-18 months, say they will do so because the increasing legislative burden means they have decided to sell.
The survey asked landlords whether they had served a Section 21 notice in the last 12 months, to which 34 per cent responded yes. The most common reasons given were rent arrears (31 per cent), landlords selling their property (26 per cent) and anti-social behaviour (22 per cent). Just 2 per cent said it was in order to move back in.
Landlords were also asked whether they planned to issue a Section 21 notice of eviction to their tenants in the next 12-18 months, before the Renters Reform Bill comes into force preventing landlords from using Section 21. 28 per cent of landlords said yes and a further 28 per cent stated they were not yet sure.
The vast majority (42 per cent) said the reason is based on concerns that they will be unable to gain possession easily in the future, and 24 per cent attributed their decision to increasing legislation driving their decision to sell up. Just 10 per cent of landlords said that it was because their tenants are already in rent arrears, 6 per cent are currently experiencing anti-social behaviour, and only 2 per cent of landlords said they wish to move back into the property.
A survey carried out by Landlord Action, housing law specialist and part of the Hamilton Fraser Group, has revealed that 26 per cent ¹ of landlords who have issued a Section 21 notice of eviction to their tenants in the last 12 months have done so because they plan to sell their property. Similarly, 24 per cent of those who plan to evict their tenants in the next 12-18 months, say they will do so because the increasing legislative burden means they have decided to sell.
The survey asked landlords whether they had served a Section 21 notice in the last 12 months, to which 34 per cent responded yes. The most common reasons given were rent arrears (31 per cent), landlords selling their property (26 per cent) and anti-social behaviour (22 per cent). Just 2 per cent said it was in order to move back in.
Landlords were also asked whether they planned to issue a Section 21 notice of eviction to their tenants in the next 12-18 months, before the Renters Reform Bill comes into force preventing landlords from using Section 21. 28 per cent of landlords said yes and a further 28 per cent stated they were not yet sure.
The vast majority (42 per cent) said the reason is based on concerns that they will be unable to gain possession easily in the future, and 24 per cent attributed their decision to increasing legislation driving their decision to sell up. Just 10 per cent of landlords said that it was because their tenants are already in rent arrears, 6 per cent are currently experiencing anti-social behaviour, and only 2 per cent of landlords said they wish to move back into the property.
Competition for rental properties is already at an all-time high, and we could be heading towards a rental stock crisis. It has been reported that in some parts of London, for example, tenants are offering up to a year’s rent in advance. But for most, this simply isn’t feasible.
Whilst we don’t know how many of the properties sold will remain in the buy to let sector, it’s clear that tenants will ultimately suffer as the combination of pressures forces rents to continue to rise.
Landlords need reassurance and clarity on the future of evictions soon if the sector is to avoid a deluge of evictions and homelessness.”