The Department for Communities and Local Government has published new guidance on the Mortgage Repossessions (Protection of Tenants etc) Act 2010, Previously, in the event that the owner had not sought the lender’s consent to let the property and faced repossession, tenants had often been left with a very short period within which to vacate.
New guidance published on the 1st October 2010 makes the rights of tenants clear and sets out the steps that lenders must follow. Judges will be allowed to take the tenants situation into account and may even be able to delay repossession proceedings for up to two months.
Always leave a forwarding address
Tenants are at risk of falling prey to identity fraudsters by failing to change their details when they move house. Of the UK’s 16m tenants, a third fails to leave a forwarding address and this is particularly worrying due to the increase in identity thefts.
The UK’s fraud prevention service CIFAS reported an increase of 32 per cent in the number of identity thefts committed during the recession. When moving, tenants should redirect their post for at least a month and when moving out at the end of a tenancy, to resist the urge to throw out personal documents with the rubbish as thieves can use this information to steal their identity. Almost a quarter of people in the UK fail to redirect their post and more than one in ten leave personal documents behind when they move house. Seventy per cent of new residents receive post addressed to previous occupants.