Saturday, 28 March 2009

Buy to Rent Tenants Suffer Evictions Crisis

Campaigners are urging the government to help protect millions of private tenants facing eviction as their buy-to-rent landlords increasingly fall into arrears.

The Numpty Dumpty Advice Bureau, charities Samaritans and Cardboard Box, and the Chartered Institute of Tortoise Polishers have joined forces to highlight what they say is an escalating problem of Biblical proportions that could well kick-start a long-overdue revolution by the UK’s unemployed landless peasants.

The charities are petitioning for new laws in England and Wales to give tenants more notice when their home is going to be repossessed by money-grasping mortgage firms.

Currently only fourteen days notice is required, leaving many tenants homeless and without a pot to piss in. The government has so far said it will generously increase this notice period to fifteen days as of 6th April - 2010.

In many cases families are given no warning at all, sometimes returning home to find the front door nailed up and their household possessions dumped in the street by heartless ex-KGB Ukranian bailiffs.

A survey carried out by the Cardboard Box homeless charity found that 80% of destitute tenants had been evicted this way.

In one instance a family of six had to spend the night sleeping in a second-hand binbag, before being moved into one New Labour’s Orwellian ‘useless eaters’ detention camps, when their rented home was repossessed while they were out on a group begging expedition.

The campaigning charities estimate that more than 8,000,000 buy-to-let properties could be repossessed in the coming year, with at least 20,000,000 people being made unexpectedly homeless and ending up in Soviet-style forced labour camps.

Private sector tenants have few rights to protect them when their buy-to-let landlords get into trouble, say the charity campaigners.

They further raise the common sense and logical question as to why aren’t the landlords required by law to take out insurance cover to guarantee repayment of their loans and thus protect their tenants’ right of abode.

While mortgage brokers, whether building societies or banks, require the individual home buyer to purchase insurance to cover their loans, why isn’t it required of multiple buy-to-rent property purchasers?

Obviously someone in government – past or present - has not been on the ball in foreseeing this possibility and protecting the common man and his family from such an indignity and destitution.

Les Scrunt of the Numpty Dumpty Advice Bureau told a reporter from the Repossession Weekly that "Tenants who have kept their side of the bargain by paying their rent are being thrown out onto the street because their shitbag landlords have defaulted on the mortgage and don’t have insurance cover to protect their property loans."

Scrunt further commented “In some cases, landlords might be renting out a property that had an owner-occupier mortgage on it, without the lender's knowledge.”
“The buy-to-rent property scheme really caught on with drug dealers wanting a safe long-term ‘launder and stash’ facility for their illegal incomes, so they over-invested in properties, leasing some to tenants and turning the rest into heroin dens, Rub and Tug massage parlours and cheapo knocking shops.”
“When the arse fell out of the property market they’ve moved onto pastures new, like the dodgy carbon credits bourse, to hide their ill-gotten gains.”

Sir Darcy Fuctifino, MP for Borkam Riff and the government’s Minister of Sheds, told reporters he was pushing lenders to consider continuing a tenancy if a landlord got into difficulties, with the tenant paying their rent directly to the lender for the period of the tenancy – before kicking them out onto the streets.

Are you a private tenant facing eviction? Are you a multiple buy-to-let landlord who’s said “Fuck the mortgages”? Do you believe the next ‘Peasant’s Revolt’ is long overdue? Have you ever lived in a one-room cardboard box? Do you have a pot to piss in?

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