7 August 2014

Tenants in properties owned by landlords who have not told their lenders that they are renting them out could be given greater protection if their homes are repossessed.

Under new proposals, such tenants will be allowed to stay in the property for two months after the house is repossessed, instead of facing immediate eviction.

It is thought there are thousands of landlords who have rented out properties without telling their lenders, either through ignorance of the requirement or to avoid being forced on to more expensive - and scarce - buy-to-let mortgages.

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