Gavin Barwell confirms longer tenancies will not apply to BTLMake Text Bigger
Housing Minister Gavin Barwell has cleared up confusion caused by the recent Housing White Paper, which called for ‘family friendly’ three year guaranteed tenancies to be offered to tenants in an effort to increase stability and security for those families that want it.
Barwell told Inside Housing that government calls for longer tenancies will be from agreements with housing associations, local authorities and institutional investors developing homes in the Build To Rent sector. These agreements would not be forced on private Buy to Let investors, which would be impractical anyway due to mortgage terms often stipulating a maximum of 12 month tenancies.
Barwell said “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.
“I think if you tried to force people to do it at the opposite end of the market (meaning 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.”
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