Tenants must be protected if the home they’re renting is repossessed.
That’s the message from Sinn Féin who claim that the new Land and Conveyancing Bill will lead to a significant number of repossessions of buy-to-let properties, putting renters in danger of homelessness.
During the boom, banks issued over 150,000 buy-to-let mortgages – today more than 30,000 of these are in serious difficulty.
Sinn Féin Finance spokesperson Pearse Doherty says they want to add a clause to the new bill to ensure bank appointed receivers live up to their duties as a landlord:
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