A Bill to protect persons whose tenancies are not binding on mortgages and to require mortgagees to give notice of the proposed execution of possession orders.
<p>The recent economic downturn has been accompanied by a rise in the numbers of homes being repossessed. The main purpose of the Bill is to offer protection to tenants of rental properties whose landlord has both defaulted on his mortgage and not notified his lender that the property was being let (an 'unauthorised tenancy').</p><p><strong>Key areas</strong></p><ul><li>gives courts power to postpone the delivery of a possession order, and to stay or suspend the execution of an existing possession order</li><li>ensures the tenant is given notice of a possession order before its execution</li></ul>