Twenty years ago Jim took a flat for rent that, if he’d had the money, he could have bought for £100k. He didn’t, so he didn’t. Over those 20 years the rent doubled.
Now he is being asked to leave because the owner wants to sell and he has been issued with a Section 21. This is a no-fault eviction notice.
Since 2003 when Jim moved in, the flat’s price has increased to £500k. So £400k has been added to the value of the property. He has never missed a rent payment. As it was a buy-to-let, the money borrowed from the bank was paid for by Jim’s
