Lenders welcome government changes for tenants

14/05/2009

New legislation has been put in place to protect tenants from unscrupulous landlords.

Housing minister Margaret Beckett revealed a raft of new measures to crack down on bad practice in the private rental sector.

It is hoped that the move will provide help for tenants who are at risk of eviction if a landlord defaults on mortgage payments and the property is repossessed.

A change in the law will mean that tenants must be given two months notice to leave the property if their landlord is facing repossession.

Ms Beckett said: "It is not right that tenants through no fault of their own can be forced to leave their home at a moment's notice if their landlord is repossessed, which is why we are intending to change the law."

The move has been welcomed by the Council of Mortgage Lenders (CML).

Michael Coogan, director general of the association, said the organisation will work with the government to ensure both tenants and landlords receive a fair deal.

"Everyone sympathises with the position of good tenants who were unaware their landlord was not paying the mortgage," he commented.

Tags; Housing Debt and Bills,

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