The Government is to consult on proposals to give greater protection to private sector tenants who risk loosing their homes with little or no notice if their landlord is repossessed.
As the law currently stands, tenants of properties which have been rented without the permission of mortgage firms very limited rights if the property is repossessed. According to the Department of Communities and Local Government between 2,000-3,000 households could be affected this year.
Launching a consultation document on measures which could see lenders forced to appoint agents to collect rent rather than repossess, Housing Minister John Healey said: “It is wrong that through no fault of their own these families can find themselves out on the street with little prior warning. That’s why I want to change the law to give new protection to those tenants who have no rights when the property they live in is repossessed.”
The consultation document can be found at: www.communities.gov.uk/publications/housing/lenderrepossessionconsult