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Section 21 evictions hit record high as BTL landlords ‘start to panic’ – London Wallet

Mark Helprin by Mark Helprin
May 18, 2023
in Real Estate
Section 21 evictions hit record high as BTL landlords ‘start to panic’ – London Wallet
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Paul Shamplina

There has been a sharp rise in the number of Section 21 notices issued, which gives a landlord an automatic right of possession without having to give any grounds once the fixed term has expired.

Paul Shamplina, founder of Landlord Action, says that the scrapping of Section 21, as part of the Renters Reform Bill, will come as little surprise to landlords, some of whom have already started making plans to sell in anticipation.

He explained that April was Landlord Action’s busiest month in 23 years, with a 91% year-on-year increase in the number of step two Section 21 notices being served.

Shamplina commented: “I have no doubt that as the date for the end of Section 21 nears, more landlords will start to panic, which will lead to more good tenants having to leave their homes.

“The government has made reference to digitising more of the process for those evictions which do end up in court, by way of speeding up the process. Whilst this is positive, greater reform of the court system will be required if landlords are to have confidence to remain in the market.”

 

Renters’ Reform Bill finally introduced to parliament – industry reaction

 




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