The Renters’ Rights Bill, which passed the report stage in the House of Commons yesterday with amendments, expands Section 8 possession grounds, which is a list of circumstances under which a landlord can evict a tenant.
The bill proposes to expand that list to include mandatory grounds such as occupation by landlord or family, sale of a residential property, when a superior lease ends, possession by a superior landlord, and possession to allow compliance with enforcement action.
A survey from Landbay found that only 28% said the expanded grounds would not be helpful, but a significant proportion thought these would be helpful and make up for the abolishment of Section 21 no-fault evictions.
Some landlords surveyed suggested that the Section 8 process was still quite a lengthy process and could prove quite costly to landlords.
The survey found that almost half of landlords know about the bill, but only 9% say they are not aware of it.
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Rob Stanton, sales and distribution director at Landbay, said: “New possession grounds could offer a helping hand to landlords in the face of abolition of Section 21s.
“Good landlords far outweigh the bad and, despite a somewhat bumpy market at the moment, demand continues to outstrip supply.
“As a buy-to-let lender, we are here to help should landlords need extra financing. We remain committed to doing our bit to help, innovating to meet the needs of landlords.”
