The Nationwide Building Society Group is the first
mainstream buy-to-let-lender to allow landlords to offer their tenants
longer-term contracts. Most lenders
restrict buy-to-let borrowers by requiring them to offer their tenants a
maximum contract of 12 months. By allowing customers the choice to offer
longer-term lets, The Mortgage Works, part of Nationwide, hopes to give more
stability to some of the nine million people in England who rent their homes
privately. Read more on the Shelter
website.
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