Evictions ban has cost landlords £530 million so far in lost rent

The UK’s leading letting agents’ industry body has written to the Department of Justice to express its worries over the huge backlog of possession cases built up since the evictions ban began, which its figures suggest have cost landlords £530 million in lost rent so far. ARLA Propertymark, which represents 9,500 UK lettings agencies, is […] ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Evictions ban has cost landlords £530 million so far in lost rent | LandlordZONE.

Evictions ban has cost landlords £530 million so far in lost rent

The UK’s leading letting agents’ industry body has written to the Department of Justice to express its worries over the huge backlog of possession cases built up since the evictions ban began, which its figures suggest have cost landlords £530 million in lost rent so far.

ARLA Propertymark, which represents 9,500 UK lettings agencies, is also worried that the government doesn’t have a ‘robust’ plan.

It says 62,000 ‘business as usual’ evictions have been backed up as landlords wait for the courts system to reopen for possession hearings, and that’s assuming evictions haven’t increased during the Covid pandemic.

ARLA is calling on the Secretary of State for Justice, Robert Buckland, to develop a ‘robust and co-ordinated strategy as a matter of urgency’ in response to the backlog, highlighting letting agents’ and landlords’ worries that the judiciary hasn’t grasped the enormity of the post-evictions ban deluge facing the court system.

The association says its estimate is based on the government’s own mortgage and landlord statistics for 2019. It also says that calculations show that, on average, landlords who issued a claim on the day the face a loss in rental income of £8,549 or in total £530 million.

“Every week a landlord must wait to regain possession of their property is a week of lost income; particularly affecting private landlords and agents who may be relying on rental income to pay their own mortgages and bills,” says David Cox, the Chief Executive of

“Within the backlog of possession claims accumulating during the stay on proceedings, private landlords would have needed to wait for possession to be achieved by using a bailiff on over 3,300 occasions.”



©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Evictions ban has cost landlords £530 million so far in lost rent | LandlordZONE.

Source : Landlord Zone More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

Property Solicitor David Smith Launches New Practical Guide to GDPR For Property Professionals…

The General Data Protection Regulation (GDPR) enacted by the European Parliament and Council in April 2016 apply in the UK and replace the Data Protection Directive 95/46/ec, Spring 2018 as the primary law regulating how companies protect EU citizens’ personal data. Basically it requires all organisations to seek the consent of subjects before processing data, […] ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Property Solicitor David Smith Launches New Practical Guide to GDPR For Property Professionals… | LandlordZONE.

Property Solicitor David Smith Launches New Practical Guide to GDPR For Property Professionals…

The General Data Protection Regulation (GDPR) enacted by the European Parliament and Council in April 2016 apply in the UK and replace the Data Protection Directive 95/46/ec, Spring 2018 as the primary law regulating how companies protect EU citizens’ personal data. Basically it requires all organisations to seek the consent of subjects before processing data, but in practice it is quite complex in its application.

David Smith is a solicitor and policy director at the Residential Landlord’s Association (now NRLA) specialising in residential property, agency and regulatory law.

He is launching a new book to provide practical advice to all property professionals on compliance with the EU’s General Data Protection Regulations (GDPR).

GDPR is a complex, and often confusing, issue for businesses, property professionals and website operators. Guidance has often been delayed and confusing says David Smith.

For the property sector, it has been particularly difficult – and the recent Covid-19 pandemic has introduced a whole new series of challenges due to the movement of data between property owners, agents, legal professionals and tenants or purchases for a range of different purposed.

Mr Smith says:

“This book aims to cut through the confusion by clearly explaining what the GDPR is, how it works and how it applies to property transactions of all types,” said David, who is also a partner in the Commercial Litigation team at JMW Solicitors. “It also provides a range of clear, accessible examples to illustrate the GDPR operating in practice.”

David is well known for his work in the residential property and agency field, especially in property licensing and consumer law.

He has advised local and national governments, large and small landlords and tenants and letting and estate agents across the sector. He has followed the GDPR since it was first announced in 2016 and has provided training and advice on it to a wide range of property businesses.

‘A Practical Guide to GDPR for Property Professionals’ will be available for purchase at Law Brief Publishing from 6 July 2020. If you would like to pre-order a copy, please contact Nicole Webb.

JMW Solicitors LLP has been ranked number 33 in 2020 The Sunday Times ‘Best Companies’ to work for listing. The listing is compiled from a survey of company staff across all sectors. JMW was the second law firm within the top 100.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Property Solicitor David Smith Launches New Practical Guide to GDPR For Property Professionals… | LandlordZONE.

Source : Landlord Zone More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.