{"id":193,"date":"2009-06-11T15:50:49","date_gmt":"2009-06-11T15:50:49","guid":{"rendered":"http:\/\/www.propertyportfoliosoftware.co.uk\/blog\/2009\/06\/11\/protectedrepossession\/"},"modified":"2009-06-11T15:50:49","modified_gmt":"2009-06-11T15:50:49","slug":"protectedrepossession","status":"publish","type":"post","link":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/protectedrepossession.html","title":{"rendered":"Tenants To Be Protected In Repossession"},"content":{"rendered":"<p><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">Housing minister Margaret Beckett has recently announced a proposed change to the law governing tenants rights in the event of a property being repossessed by a lender. <\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">The change would insure that any tenant is guaranteed two months notice if they are to be required to leave their home.<o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p>\u00a0<\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">On the face of it this seems to be a fair and just change and indeed, most would consider it common sense. As the website <a href=\"http:\/\/www.landlordexpert.co.uk\/\">www.landlordexpert.co.uk<\/a> points out, though, things are rarely as simple as they look. <\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">One complication with this situation is the number of landlords who have bought houses on a residential mortgage even though they are actually renting it out. In that case, it is unlikely that the lender is even aware of the existence of a tenant. <o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p>\u00a0<\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">Most lenders are happy to honour the tenancy of a property if the tenant has been prompt with payment of rent and stuck by all other important obligations, but it can still put the lender in a difficult position.<o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p>\u00a0<\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">There is a very fine line to tread here between protecting the rights of the tenant but also protecting the interests of the lender.<o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p>\u00a0<\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p><\/o:p><\/span>\u00a0<span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\"><o:p><\/o:p><\/span><span style=\"font-size: 11pt; font-family: 'Calibri','sans-serif'\" lang=\"EN-US\">The government is expected to consult on these proposals over the summer and legislation should be in place by by 2010.<\/span><span style=\"font-size: 11pt; color: windowtext; font-family: 'Calibri','sans-serif'\"><o:p><\/o:p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing minister Margaret Beckett has recently announced a proposed change to the law governing tenants rights in the event of a property being repossessed by a lender. The change would insure that any tenant is guaranteed two months notice if &hellip; <a href=\"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/protectedrepossession.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-193","post","type-post","status-publish","format-standard","hentry","category-credit-crunch"],"_links":{"self":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=193"}],"version-history":[{"count":0,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}