Government announces plans to end "no fault" evictions to protect tenants, but it means Landlords will not be able to take possession of their properties as they currently can.
Both Labour and Conservative parties have now announced their intention of banning "no fault" evictions in future legislation. Although this is good news for tenants who want to stay long term in their rented homes, it will put landlords who want to let their property on a short term letting at risk. There are plenty of accidental Landlords who want to let their properties for 6 or 12 months only while they sort out their own living accommodation, but who may want to move in themselves or sell the property in the near future. If possession via Section 21 notices are banned, tenancies could only be terminated by Section 8 notices (Tenant's at fault in some way).
To be fair, various landlord associations are looking at the implications to see how this might impact Landlords, and apparently the Section 8 notices will be changed so that gaining possession in order for the landlord to sell or move into the property themselves will be made easier. This would resolve some of the objections, and we await further information on the planned legislation.
However, once again the landlord is the rogue in the eyes of the Government, and the tenant a victim. In our experience most landlords are very reasonable people who want to supply good homes to good tenants. In our area landlords provide an essential service to the community, housing mainly low income families in decent homes. If landlords withdraw from this and move their savings investments to the stock market or another investment area, homelessness will become a huge issue. Take care politicians! Do not bite the hand that feeds you.