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Commercial mortgage holders given expert tips on discouraging squatters

10 November 2010

Written by Gavin Elley

Commercial mortgage holders should ensure they do not leave unoccupied property in a state that could attract squatters.

This is according to Paul Shamplina, founder of Landlord Action, who advised installing security systems as well as doors and windows that make it difficult to break in.

"For both commercial landlords and residential landlords, the key is to ensure that void periods are minimised and the property does not appear to be unoccupied," he said.

Squatters mostly target smaller portfolio investors, the expert stated, warning that they have access to a vast quantity of advice and are becoming well-versed in the law.

As a result, landlords may suffer emotional and financial stress due to the unwanted occupants, he added.

Mr Shamplina also remarked that squatters no longer fit their stereotypical image, with young professionals now known to break into houses claiming they cannot afford to pay rent.

The Ministry of Justice recently detailed the law on the occupation of homes against the owners' will.

It said people who leave their property for a short period, to go on holiday, for example, only to find squatters when they return, may call the police to have them removed.

Find out more on our commercial mortgages and how we can help you achieve your aims - enquire online.

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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