Oct
13

SHAMPLINA: Evictions ban will kill landlord confidence unless courts are upgraded

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Growing numbers of landlords could quit the sector if they don’t have confidence that they can get their property back.

That’s the warning from evictions expert Paul Shamplina, who says that without more investment in the court system and mediation, landlords might think is it not worth all the aggravation.

After serving an eviction notice, it currently takes between six and eight months to get a property back.

Speaking after Prime Minister Liz Truss’s ‘non U-turn’ when she reaffirmed the government’s intention to scrap Section 21, he says perfectly good tenants who have lived in a property for years might find themselves being evicted – especially when the impact of the rising cost-of-living hits.

“Landlords might need to sell the property…they are worrying about the economy and rent arrears and anti-social behaviour,” Shamplina told Talk Radio‘s Ian Collins.

“We’ve seen a big rise in interest rates, so if landlords find themselves in a mortgage deficit and with a lot of landlords heavily taxed – particularly as the majority have only got one to three properties – they might say they don’t want to be a landlord anymore.”

Shamplina advised landlords to understand where they want to be on their landlord journey, to treat it as a business and make sure they always communicate with tenants.

“Tenants need to feel that the property is their home and landlords still need to see that tenants are their customers – without them there’s no rent,” he added.

Learn more about the evictions process.

View Full Article: SHAMPLINA: Evictions ban will kill landlord confidence unless courts are upgraded

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