Property Repossession Should Be Deferred

Chartered Institute of Housing (CIH) recently said that more and more tenants face homelessness as their rented homes are being

repossessed because landlords fail to comply with their loan commitments. The property industry is broadly joining the campaign aimed at protecting private tenants who face eviction with no notice through no fault of their own.
Such organizations as Shelter, Citizens Advice, Crisis and the Chartered Institute of Housing (CIH) are asking to change the law so that courts would have the power to defer the repossession of rented property before the tenant finds suitable accommodation. Currently, as the law stands, the tenant has no legal rights to stay in the property, which is being repossessed; very often tenants do now receive any prior notice and the first they know that their home is being repossessed is when they see bailiffs.
The above-mentioned organizations have asked members of parliament to sign Early Day Motion in order to avoid the potential crisis as thousands of tenants might lose their homes.
Simon Gordon, Head of Communications at the National Landlords Association said he thinks it is right to offer support to those tenants, who are affected by repossession of landlord’s property. However, he added that it is important to remember that most of the time the landlord fails to meet his mortgage commitments only when the tenant fails to pay his rent. The latest research by National Landlords Association revealed that at the moment some 37% of landlords are experiencing rental arrears, which will definitely have an impact on the level of property repossessions.