Proposals to push up the cost of evictions for landlords have been revealed in a consultation document released by the Ministry of Justice (MOJ).
The aim is to introduce a £75 hike in the cost of applying for County Court evictions which will see the department save around £55 million a year.
This will be the second year running that eviction costs have been increased and look set to cost the sector an extra £15 million a year when implemented.
New eviction costs for landlords revealed
Landlords looking to carry out an eviction will see the cost of filing their paper application increasing to £355, from £280.
If they file that application online, the court costs will increase to £325, from £250.
Previously, the fee was £175 for a paper application and £100 for an online claim.
In addition to landlords, the new costs will also extend to mortgage lenders wanting to evict someone who is behind with their mortgage repayments as well as councils and housing associations.
In most cases the court will order that the tenant pays the eviction fees though these will have to be paid upfront by the landlord - and many will struggle to reclaim the money from their evicted tenant.
According to the MoJ's latest figures, landlords, housing associations and councils made 38,509 repossession applications in the spring of 2014.
Landlords see void periods drop
Meanwhile, one landlord sentiment survey is reporting that landlords are experiencing fewer void periods.
The research comes from financial firm Paragon who carry out a quarterly landlord survey and they found that the average recorded void was 2.6 weeks in the last quarter of 2014.
That's the lowest recorded figure since the first quarter in 2012 when landlords were experiencing an average void period of 2.8 weeks.
The managing director of Paragon Mortgages, John Heron, said: “The low void average period reflects the growing and strong demand being seen for private rental property and effective property management by letting agents and landlords.”
Paragon sees its lending to BTL landlords grow
Paragon have also recently reported that the increase in buy to let lending by them in the three months from October 2014 increased by 58.4%, year-on-year.
The firm says its lending rose to £222.1m, up from £140.2m.
Now the lender is predicting a strong performance for the market in 2015 with a strong BTL finance offering for landlords and more buy to let products in the pipeline to help them compete in a competitive market.
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