More ill-thought out ideas from Gvmt.

Most mortgage lenders terms only accept tenants for 12 months. This is because it is very difficult to remove non-paying tenants and rogues. Long tenancy agreements can mean Landlords are faced with serious financial problems. Unsurprisingly lenders don’t want this risk.

There are seemingly no proposals to help Landlords speed up the current legal process so that for instance if a tenant were 2 months in arrears then they could evict a tenant.

The idea of long tenancies is a decent one, but Gvmt again is proving how little it understands about the Private Rented Sector.

If you were cynical you might think that the announcement was made because there are few votes from supporting landlords, but how many could be garnered from Labour’s heartlands ie lifelong tenants? Plus agencies like Shelter are far more effective at lobbying than the National Landlords Association.

Mr Pickles you need to understand more about the marketplace if you want to do what is RIGHT rather than what is politically expedient.

http://www.landlordtoday.co.uk/news_features/Landlords-in-a-pickle-as-tenants%E2%80%99-charter-breaches-mortgage-terms

Leave a Reply