TONIGHT: ITV News to investigate huge problems caused by lack of stock in PRS

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ITV News is to highlight the problems facing the private rented sector tonight, including items during its 6pm and 10pm Evening News bulletins.

Reporter Dan Hewitt (pictured above) is set to lift the lid on the challenges facing landlords and tenants, including how the Government’s Section 24 tax changes and the looming Renters Reform Act measures are reducing the amount of stock and driving up rents.

The bulletins will also include an interview with Landlord Action’s Paul Shamplina in London.

This included visits to two properties where tenants faced eviction in Ilford and Barnet; both being served Section 8 notices.

One had built up rent arrears of £17,000 after it took the landlords months to get their possession order via the courts.

“During the interview I highlighted to Dan that, during my 30 years spent working in the private rented sector, and 22 years running Landlord Action, I’ve never seen such a severe crisis of rental supply in the market,” he says.

“We are seeing an unprecedented number of landlords leaving the sector and serving Section 21 notices to enable them to sell their properties – many small landlords are simply throwing in the towel.”

Shamplina (pictured with Hewitt) says this is due to three drivers; the Section 24 changes to tax relief on mortgage interest, the hike in interest rates brought about by Kwarteng’s mini budget, and the extra regulation expected in the Renters Reform Bill next year.

“As I said on camera to Dan, the biggest losers from all this are tenants many of whom are now finding that huge competition – sometimes up to 40 applicants – for a reduced number of rented properties means higher rents.

“And it’s not going to get better – next year I predict that evictions next year will eclipse those during 2019 before Covid struck – so possibly more than 120,000, although this will include more mortgage evictions as the recession bites as well as landlords exiting the market.”

Watch the ITV news team in action

BTS filming with our @PaulShamplina and @DanielHewittITV Watch the full coverage on tonight’s @itvnews programme 6:30pm, highlighting the current #rentalstock #crisis, #costofliving and #landlords selling up and exiting the sector. https://t.co/nKhxr5J6wg

— Landlord Action (@LandlordAction) November 30, 2022

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