As the UK property market continues to struggle, the number of Section 21 evictions has reached an all-time high. This is due to a combination of factors, including the uncertainty caused by Brexit, the increasing cost of living, and the increasing number of buy-to-let landlords.
Section 21 evictions are those where a landlord gives two months’ notice to a tenant to vacate a property without giving any reason. This type of eviction has become increasingly popular in recent years as landlords look to quickly and easily regain possession of their properties.
The increase in Section 21 evictions is a worrying trend for tenants, as it can leave them without a home at short notice. It is also concerning for buy-to-let landlords, as it can lead to a loss of rental income and potential legal costs.
The main reason for the increase in Section 21 evictions is the uncertainty caused by Brexit. With the UK’s future relationship with the EU still unclear, many landlords are feeling anxious about their investments and are seeking to regain control of their properties as soon as possible.
The increasing cost of living is also having an impact on Section 21 evictions. With rents rising faster than wages, many tenants are struggling to keep up with payments and landlords are increasingly looking to evict them.
Finally, the increasing number of buy-to-let landlords is also contributing to the rise in Section 21 evictions. With more landlords competing for tenants, some are looking to quickly regain possession of their properties in order to rent them out again at higher rates.
The rise in Section 21 evictions is a worrying trend for both tenants and landlords. Tenants are at risk of losing their homes at short notice, while landlords are at risk of losing rental income and incurring legal costs. It is therefore essential that both parties understand their rights and responsibilities when it comes to renting out property.