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This week’s blog analyses the latest possession claim figures released by the government via HM Courts and Tribunals and Possession Claims On line. In 2013 there were a total of 170,451 claims issued in the courts in England and Wales.This is broken down by 113,175 claims issued by social landlords. 23,196 standard claims issued by Private Landlords with hearing dates IE Section 8 cases, this being the highest amount since 1999. Accelerated Section 21 possession claims issued were 34,080 being an all-time high, in comparison to 13,891 issued in 1999. It is believed by Shelter that 90% of accelerated claims are taken out by private Landlords and 10% by social landlords. I believe this is because Landlords are worried about tenants defending and counterclaiming a section 8 rent arrears claim and just require possession quicker, or that they believe they have no chance of collecting the arrears from the tenant.
So why are Landlord and Tenant possession claims at an all-time high?
With a Private Rental Sector at 17.5% and predicted to rise to 22 by 2020, with an ever growing population of people living on this country with over 220,000 people coming to live in our country last year, more rented property is required. Tenants still unable to save for deposits, even with Help to Buy scheme, Banks making lending more available for investors, and a lot of investors happy with 4-5% yields for their monies, rather than leaving their savings in a bank, along with a rising Housing Market, Investors are seeing that residential Buy to Let offers good medium to long terms investments.
Tenants Not Paying, Or Need To Be Re-Housed
With high cost of living, wages stagnated, landlords wanting high rents, unemployment, tenant struggling to manage debt, cuts in housing benefit, Tenants staying in a property, because they wish to be housed by the council, Landlords wanting to exit the LHA market. Landlords wishing to sell the property, as the market has risen, are just some of the reasons why possession claims rose last year.
Landlord action was set up by landlords for landlords with problem tenants. That is, tenants who are in rent arrears or break some other part of a tenancy agreement. Landlord & tenant law is a specialist area and we found solicitor charges were too much and too vague. When you have a bad tenant you want to evict them fast. Any landlord would want a bad tenant out. they want advice and help with the law. And that's what we do. We are experts in this area and unlike solicitors, we only act for landlords, never tenants. And we'll help recover the outstanding rent. Our free advice line is open to all landlords and we have carried out thousands of evictions.