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Section 21 evictions are set to soar higher, a property association leader forecasts - because of the threat to abolish them.
Data released recently revealed court proceedings for Section 21s in England reached their highest level in six years, ahead of the renters Reform Bill.
Jonathan Rolande of the National Association of Property Buyers, says worse is to come.
“This will be driven by the fact many landlords are likely to be rushing to beat the ban on Section 21 evictions. Selling at the top of the market also has an impact in this area too.
“Homes sell faster and for more money empty, especially now the heart of the buy to let sector has been ripped out by high tax, high interest rates and legislation.”
Data released by the Ministry of Justice last week show that 7,491 S21 eviction claims were brought before the courts between April and June. That is the highest recorded number since 2017.
There were 2,228 S21 evictions carried out in the same period involving bailiffs, up 41 per cent year on year but almost flat compared with the first quarter of 2023.
Rolande adds: “Landlords are selling up in droves for many reasons. Many are fearful of the new EPC rules which they think may cost thousands and offer little in return.
“Right now, there is a lot of animosity toward landlords, many are fed up. The return on money in the bank is similar to a rental yield without risk or work. Service charges and repair costs have also spiralled as contractors increased prices post-Brexit and to take advantage of the recent boom. And, ironically, talk of banning Sections 21’s has led to an increase in their use."
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The article says most of it, but …… the RRB will come in regardless 😱🆘 , as a famous French Queen was alleged to have said … “ Let them eat cake 🍰 “ , well I will say “ Let the councils house them 🏠 “.
We have all said this on here. It is so predictable, but the Government is really quite ruthless - choosing to pursue an agenda which is harming everyone.
I am surprised the numbers are so low.
"They ain't seen nuffin yet"
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