Mortgages

Department for Communities and Local Government written question – answered on 3rd February 2016.

Alert me about debates like this

Photo of Greg Mulholland Greg Mulholland Liberal Democrat Parliamentary Campaigns Chair

To ask the Secretary of State for Communities and Local Government, what progress his Department is making on encouraging buy-to-let mortgage lenders to allow longer tenancies in their terms and conditions.

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government)

The Government supports longer tenancies, and promotes them through its Model Tenancy Agreement. We have continued to encourage mortgage lenders to permit family friendly tenancies, and the majority have now changed their policies, and permit tenancies of up to two to three years.

A letter was sent to the Council for Mortgage Lenders on this subject in January 2016, urging them to encourage those lenders who have not changed their policies to do so, and to encourage lenders to promote the benefits of the Model Tenancy Agreement to their landlord customers.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.