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With the consultation into the abolition of Section 21 being a major topic on Property Tribes and social media in general, I though it might be helpful to curate all our discussions and related videos on one thread for easy reference.These are the threads discussing this topic:Government announce dilution of Section 21 End of Section 21 - "butterfly" effect The end of Section 21 - insider insights End of Section 21 makes BTL "credit negative"Potential abolition of section 21Section 21 and 6 month tenanciesLandlords urged to shape future of PRSTessa Shepperson recorded a webinar with David Smith on this topic which you can listen to >>> here.
The RLA have produced a helpful video to answer some landlord FAQs as to what this means for the private rented sector:
Respected industry commentator Sally Lawson recorded this video, giving the lettings agents perspective:
These are Property Tribes' videos on this topic:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Can everyone please complete the RLA survey on the link below? They've already had 3,000 responses but the more who respond, the more robust the stats will be.
A Government Minister has pledged to make changes to the courts to speed up the ability of landlords to repossess properties in legitimate circumstances.Writing exclusively for the Residential Landlords Association (RLA), the Minister for the Private Rented Sector, Heather Wheeler, said that: “landlords who experience the eviction process via the courts” often find it “unduly slow and complex”. She pledged that “changes in the law, the court process, and resourcing will need to go hand in glove with tenancy reform, to meet these concerns.” Ms Wheeler acknowledged that “the vast majority of landlords provide their tenants with a decent home and good quality service” and that “few landlords evict good tenants without a sound reason.”The Minister confirmed that following the Government’s decision to get rid of Section 21, ‘no explanation’ repossessions, the Government will ensure the changes work for both tenants and good landlords. She said that she is looking forward to working closely with the RLA to ensure that the Government’s changes to the sector are got right. The RLA is currently surveying the landlord community to seek their views on what is required for them to have confidence that they can repossess property swiftly and effectively for legitimate reasons.David Smith, Policy Director for the RLA, said:“The Minister’s comments are welcome. As the RLA has long argued, landlords are left frustrated at almost every stage where they want to repossess property through the courts. This makes it harder to address the problem of bad tenants including those committing anti-social behaviour who cause misery for their neighbours.”
A couple of additions for this thread:Section 21 - Are landlords under attack? 38% of landlords may sell if S21 abolished
New addition:End of Section 21 will result in divestment