You are here: Home - Mortgages - Buy To Let - News -

Buy-to-let landlords could be forced to offer longer tenancies

Written by:
Government plans to be announced later today could see buy-to-let landlords being forced to offer long-term tenancies.

Communities secretary Eric Pickles plans to introduce a new set of rules which would give tenants the right to demand long-term rental agreements, The Times reports.

Branded a ‘tenants’ charter’, the government want to provide renters with greater security and drive down unfair charges and letting agency fees.

“The last thing we want to do is hurt hard-working tenants by increasing costs and strangling the sector with red tape,” Pickles is expected to tell the Conservative party conference.

“But families deserve stability for their children. Today’s proposals will raise the quality and choice of rental accommodation, root out the cowboys and rogue operators in the sector, and give tenants the confidence to request longer fixed-term family-friendly tenancies.”

At present the majority of tenancy agreements are between six and 12 months, with many buy-to-let lenders unwilling to lend to landlords who wish to let for longer periods. However, Nationwide eased its own criteria earlier this year by allowing buy-to-let landlords to sign three-year contracts with tenants.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Paying off your mortgage early could save you thousands

Homeowners could save thousands of pounds in today's low interest rate environment by overpaying on their mortgage, a report suggests.