In yet another blow for buy-to-let landlords with tenants
not paying their rent, the UK government has announced another extension to the
current ban on bailiff-enforced evictions in England until May 31.
From June the ban will “taper” off, leaving landlords
confused since no details have been released on exactly how this will take
effect.
Housing Secretary Robert Jenrick said: “The government
will consider the best approach to move away from emergency protections from
the beginning of June, taking into account public health advice and the wider
roadmap."
Ben Beadle, chief executive of the National Residential
Landlords Association, said: “The further extension to the repossessions ban
will do nothing to help those landlords and tenants financially hit due to the
pandemic.
“Given the cross-sector consensus for the need to address
the rent debt crisis, it suggests the government are unwilling to listen to the
voices of those most affected.
“If the Chancellor wants to avoid causing a homelessness
crisis, he must develop an urgent financial package including interest free,
government guaranteed loans to help tenants in arrears to pay off rent debts
built since March 2020.
“This is vital for those who do not qualify for benefit
support. Without this, more tenants face losing their homes, and many will
carry damaged credit scores, making it more difficult to rent in the future and
causing huge pressure on local authorities when they can least manage it.”
The announcement today means that until the 31st May
private landlords will need to continue giving tenants six months’ notice
before they can repossess properties, except in the following circumstances:
·
Anti-social behaviour (four weeks’ notice)
·
False statements provided by the tenant
(two to four weeks’ notice)
·
Over 6 months’ accumulated rent arrears
(four weeks’ notice)
·
Breach of immigration rules under the ‘Right to
Rent’ policy (three months’ notice).
The courts already have a huge backlog of cases to clear,
which means actually gaining possession of a property following legal and enforcement
action could take considerably longer than six months.
Buy-to-let landlords have been hit with a raft of punitive
tax measures and are unlikely to win any public sympathy.
In this month’s budget, the Chancellor introduced plans to
hike corporation tax 25% over the next few years, which will affect property
investors holding their assets within limited companies.
Over 5 million people will be higher rate taxpayers due to
the freezing of allowances.
In short, people in UK will be living in one of the highest
tax paying countries in the world.
The continued eviction ban will not help the millions of
property investor landlords running small businesses with mortgages, trying to
build up a pension
or supplement their income in retirement.
With the country is facing a pensions timebomb, people who
take the initiative to provide for their own retirement should be encouraged with
tax breaks.
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