The government’s pledge to proceed with the planned ban on Section 21 no-fault evictions has been welcomed by some property possessions, despite the disappointment felt by many buy-to-let landlords and letting agents.
The Times reported earlier this week that the government was planning to U-turn on a commitment to abolish Section 21 evictions, which was welcomed by many of those who have invested in the buy-to-let market.
However, Liz Truss confirmed yesterday, during Prime Minister’s Questions, that the government has no intention of going back on a manifesto pledge to ban landlords from using Section 21 notices, by scrapping them altogether.
Ben Beadle, CEO of the National Association of Residential Landlords, said: “The prime minister’s comments simply confirm the position we were in just a few days ago.
“To have unnamed sources flying kites in the press [on Tuesday] about a potential U-turn on a long-established Government policy was both unhelpful and counterproductive.
“The NRLA will continue to work with the Government to ensure the new system for repossessing properties is both fair and workable for responsible landlords and tenants.”
Nationwide’s Rachael Sinclair commented: “It is encouraging to have received reinforced commitment from the Prime Minister that the ban on no fault evictions will proceed.
“We look forward to working with government and others to deliver this reform although still seek clarity on the future of the remaining proposals outlined in the Fairer Private Rented Sector white paper. At a time many households are struggling, renters and landlords deserve clarity on this issue and we look forward to this being implemented as soon as practical.”
Full Article: https://propertyindustryeye.com/industry-welcomes-clarity-after-government-commits-to-scrapping-section-21/