No-fault Evictions

Lord Young of Cookham Excerpts

Thursday 26th October 2023 Lords Chamber

[Baroness Swinburne (Con)]

I respectfully disagree with the noble Baroness: we are not kicking this into the long grass. However, this will be the biggest challenge to the private rental sector for over 30 years, and it is vital that we deliver reform in a way that both protects the security of private tenants and retains the confidence of landlords in that new system. This is why Section 21 will be abolished only once we judge sufficient progress has been made to improve the court’s possessions. It is our commitment, in line with recommendations made in the Levelling-up and Regeneration Bill and in recent reports, that we will do this as a matter of priority. I will also draw attention to the new Housing Loss Prevention Advice Service, introduced on 1 August 2023, which will help with those evictions as of now.

[Lord Young of Cookham (Con)]

My Lords, is it not the problem that the private rented sector in this country is overreliant on the small private landlord, whereas in most other countries it is the financial institutions and the pension funds that invest in private rented property and provide professional management? They do not need Section 21, so what steps are the Government taking to encourage financial institutions in this country to invest in the private rented sector and replace the small private landlord who, in many cases, is anxious to sell up?

[Baroness Swinburne (Con)]

We know that the profile of landlords providing homes in the private rental sector has changed over the past 20 years. A wide range of landlords operate in the sector, owning different numbers of properties and focusing on different markets, and they all have a role to play providing secure and decent homes. However, the Government also welcome new institutional investment in the private rental sector and have made a number of interventions to support the Build to Rent sector. Build to Rent boosts housing supply, diversifies the private rental sector and increases the quality and choice for renters in cities and towns across England.