View more on these topics

Landlords as well as tenants need protection

I was intrigued by the Conservative Party’s recent call for greater protection for tenants. If tenants don’t pay rent it is only after they fall two months into arrears that landlords can serve a Section 8 notice for them to leave. If they don’t respond, we can go for a possession claim online and obtain a court date usually within three to four weeks.

But 90% of the time these tenants don’t turn up because they cannot defend their non-payment. If and when the landlord wins possession, they must give 15 days’ notice to obtain possession. If that fails they can apply for a warrant to get the court bailiffs to get the tenants out.

Has Britain gone mad? We’ve got politicians worrying about tenants just because they feel they need help. What about the landlords who pay interest to lenders, who pay builders and plumbers to maintain properties and who pay letting agents to find tenants? They also pay brokers who earn a living out of processing buy-to-let loans.

Entrepreneurship is not encouraged in Britain. Let’s tie up landlords because they can afford to pay for costs but help tenants when they take the biscuit. I am not saying tenants should have no protection but let’s redress the balance.

Landlords make money for themselves while they create employment and help make the financial wheels go round. They need tenants who pay rent but landlords should have the same rights as tenants. Non-paying tenants should not have more rights than law-abiding landlords.

We should spend more time looking at protecting those trying to earn a living. Can you imagine what it feels like to have to miss two months’ mortgage payments and risk getting repossessed because your tenants refuse to pay?

Steve Lok

Recommended

No acceptable offer for Network Data

Network Data has revealed that despite interest from a number of interested parties, it has been unable to find an acceptable offer for the network.

First-time buyer queries dip 3%

Adviser search website Unbiased.co.uk says it saw a 3% fall in queries from first-time buyers, dipping from 44% in January to 41% in February. By contrast, remortgage and residential purchase deals were static over the two months at 35% and 19% respectively. But equity-release increased from 4% in January to 7% in February and buy-to-let […]

King calls for new rules to be simple but tough

Mervyn King, governor of the Bank of England says that internationally both light and heavy regulatory regimes had failed to reduce the accumulation of risks that produced the current crisis. He called for future regulation to be simple and robust.