7 Oct

Act to protect tenants in buy-to-let properties

Act to protect tenants in buy-to-let properties

Communities and Local Government has released information on a new act that has been established to protect tenants in buy-to-let properties.

Earlier this week, the Mortgage Repossessions (Protection of Tenants etc) Act 2010 was announced.

It is aimed to offer tenants the security of not being evicted if their landlord has failed to notify their mortgage lender that they have begun to let their property and they then fall into arrears on their loan payments.

Tenants in buy-to-let properties now have the right to request a delay to eviction for two months if their landlord can no longer pay their mortgage fees.

Last month, homeless charity Shelter revealed that nearly one million people in Britain have been the victim of a rogue landlord during the last three years.

Campbell Robb, chief executive of the charity, said: "It is absolutely shocking to think that so many people have fallen victim to these kinds of scams," adding that more needs to be done to protect tenants as a greater number of people are choosing to rent properties.ADNFCR-1222-ID-800104043-ADNFCR

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