Mortgages: Private Rented Housing

Treasury written question – answered on 6th November 2018.

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Photo of John Healey John Healey Shadow Secretary of State for Housing

To ask the Chancellor of the Exchequer, what steps he is taking to ensure that mortgage lenders do not prevent landlords leasing properties to tenants in receipt of social security benefits.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government wants to ensure tenants in receipt of housing benefit are able to access suitable properties.

UK Finance has assured us that the majority of active Buy-to-Let lenders do not prevent landlords leasing properties to tenants in receipt of social security benefits. Therefore, any landlord who wants to let to benefit claimants should be able to easily find a lender who will allow that.

It is also worth noting that only about a third of private rental properties are financed by a buy to let mortgage.

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