Specialist Tenant Eviction Service, Helpland give their comments following the governments acknowledgement of the rise in popularity of buy to let properties.
(1888PressRelease) January 12, 2012 - The latest conference of The National Landlords Association saw the Government acknowledge the rising role of the buy to let landlord in UK society where delegates heard that recognition is growing of the vital part that rented accommodation now plays within UK housing. As demand for rented accommodation increases, industry experts expect more landlords to need expert advice on how to evict tenants who can cause serious problems.
The Director of Housing Growth and Affordable Housing at Communities and Local Government (CLG) Terrie Alafat told delegates that rented accommodation is increasingly becoming the preferred option. Ms Alafat pointed to increased demand, with one million more households taking up rented accommodation than in 2005. Lee Daniels, MD of specialist landlord support service Helpland warned that expansion has also brought pitfalls for many landlords.
"The buy to let sector can be a very rewarding business venture for landlords, but only with the correct legal advice. As demand has been growing, so have tenant eviction rates. There are the tenants who simply have unexpected, difficult circumstances meaning rent arrears mount up. Then there are the types of tenants who simply abuse the property - examples include illegal subletting, disturbing the neighbours, damaging the property, wilfully refusing to pay rent and so on. Landlords need to have a team on their side that will help them understand their rights, their responsibilities and protect their investment,"
Ms Alafat told the Conference that Housing was a high priority for the Government, who understood the importance of the private rented sector. Some 4.5 million households were now estimated to be accommodated within the sector. With a relatively scarcity of available Social Housing and more first time buyers priced out, the sector is expected to grow. However, by June 2011, industry research showed there had already been a 9% increase in court orders to evict tenants, against a background of a 13% increase in serious rent arrears. By November 2011, the national media were reporting that there was a downside to the demand from the landlord's point of view. As the cost of living increases as the same time that demand naturally encourages rents to rise, there were claims that affordability was becoming an issue in over 50% of all England's local authorities. It was also claimed that buying was now on average cheaper than renting.
"There are undoubtedly more pressures on tenant's finances since the recession, and without the right support this can in turn put pressure on the landlord's situation. Landlords do need to be aware that whatever the reason, if things go wrong, they cannot simply attempt some sort of DIY eviction. There are reliable methods to legally evict tenants, and it may be the case that a section 8 eviction would be suitable rather than proceeding further to a possession order. But they simply cannot ever take the law into their own hands - to do so they risk facing some very serious legal consequences".
Any landlord seeking legal support with tenant eviction, including section 8 eviction can have a free introductory telephone consultation with Helpland on 0845 450 0536, or visit their website at: