Political factions oppose the so-called no-fault eviction, which has already been banned in Scotland. The Labour party says it will abolish it in England.

Wilson, who has put the final part of his property portfolio on the market and is retiring from the industry, said that Section 21 is absolutely essential if the private rented sector is to continue.

It dates back to 1989 when the Government introduced the Assured Shorthold Tenancy in an attempt to resolve a shortage of rental properties.

Wilson said: “I had the first AST in the country on January 15 that year.

“Before that, whether the tenancies available were statutory, regulated, assured or whatever label, the landlord could not recover possession and effectively the tenant had a lifetime tenancy.

“Lenders did not wish to lend. Landlords did not wish to be landlords.”

Wilson said that without Section 21, no lender would lend money, and there would be a mass exodus of landlords: “Then, where would the private tenant be?”.

Full/source article