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.
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').
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