Longer tenancies will NOT apply to Buy To Let properties

Longer tenancies will NOT apply to Buy To Let properties


Todays other news
The Renters Rights Bill turns to the House of Lords...
Liam Monaghan is managing director of London Central Portfolio...
There are revenue streams to emerge from the Renters Rights...
The analysis is by Hamptons, part of the Connells Group...
The homes were originally sold under the controversial Right To...


The government has stepped in to clear up misunderstandings emerging from the Housing White Paper following its high profile call for longer tenancies in the private rental sector. 

 

Housing minister Gavin Barwell has now told industry publication Inside Housing that government calls for longer tenancies – made in the White Paper and on TV and press appearances by ministers prior to the release of the document – that the longer tenancies will result from agreements with housing associations, local authorities and institutional investors developing homes in the Build To Rent sector, and would not apply to buy to let investors. 

 

“My hope is that when you get those players coming in, that will disrupt the market and will encourage other landlords to do so as well” Barwell has told Inside Housing.

“I think if you tried to force people to do it at the opposite end of the market [buy to let] I think history is very clear about what happened when you have rent controls – I don’t think that would be a good idea.”

 

A broad commitment to longer tenancies was included in one of 29 measures outlined in the White Paper on Tuesday.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
10 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
The Renters Rights Bill turns to the House of Lords...
Liam Monaghan is managing director of London Central Portfolio...
There are revenue streams to emerge from the Renters Rights...
The analysis is by Hamptons, part of the Connells Group...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
There will be a greater emphasis on digitisation....
Recommended for you
Latest Features
The Renters Rights Bill turns to the House of Lords...
Liam Monaghan is managing director of London Central Portfolio...
There are revenue streams to emerge from the Renters Rights...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here