The CLG website is reporting that the Mortgage Repossessions (Protection of Tenants) Bill is now an Act, having received Royal Assent on April 8, 2010.
The press release explains that, where a mortgagor (other than one under a buy-to-let mortgage) has granted a tenancy of the property and fallen into arrears on his mortgage, the court will now have power to postpone any possession order obtained by the mortgage company for up to two months, so as to allow the tenant to make alternative housing arrangements.
Whilst I have no reason to doubt CLG, I’ve not been able to find the final text of the Bill/Act online and so can’t tell you exactly how it does this, or when it comes into force. If anyone knows where I can get a copy of the Act, please do let me know.