Lending for landlords wanting to offer longer tenancies

January 20, 2017

The Council of Mortgage Lenders (CML) news release yesterday 19th January headlined ‘Fact Check: Do lenders really oppose longer tenancies?’

The CML points out: As market conditions have steadily improved in the aftermath of the financial crisis, lenders have continued to make funding more readily available for housing in all tenures, as part of this process, lenders have shown an increasing appetite to advance mortgages to landlords who want to offer longer tenancies to those renting in the private rented sector.

According to the CML over the last two decades, the number of households renting privately has more than doubled, a quarter of all families with children now live in a privately rented home, according to Shelter.

Read the CML news release in full including survey findings click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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