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Mortgage Advice Bureau (Holdings) Plc

Is the prospect of longer tenancies good or bad news?

In early July, the Government opened a consultation into the benefits and barriers to landlords offering longer tenancies. This is the latest step in its commitment to increase security of tenure for tenants in the PRS, while making sure they balance landlords’ needs to regain possession of their properties when their circumstances change.

The Housing, Communities and Local Government Secretary, James Brokenshire, is looking to stop landlords being able to force tenants to leave their home at short notice. He says: “It is deeply unfair when renters are forced to uproot their lives or find new schools for their children at short notice due to the terms of their rental contract. Being able to call your rental property your home is vital to putting down roots and building stronger communities.”

 

 

Mortgage Advice Bureau (Holdings) PLC (LON:MAB1) is a leading mortgage network as well as the most recognised intermediary consumer brand, winning over 70 national awards for the quality of its advice and service during the last five years. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.