Mortgages:Written question - 24354

(Leeds North West)
Asked on: 26 January 2016
Department for Communities and Local Government
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.
Answered by: Brandon Lewis
Answered on: 03 February 2016

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.

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