Monday, 22 August 2016

Another Buy To Let Lender Encouraging Longer Tenancies

Leeds Building Society has changed its mortgage criteria in a bid to encourage longer-term private rentals. The UK’s fifth largest society will now accept tenancy agreements for a period to suit both the tenant and the landlord, and will not stipulate a maximum tenancy period, which was previously set at 12 months. A number of lenders will now accept longer term tenancies, but most will only go to a maximum of three years and Leeds will be amongst the few with no maximum. Read more on the LettingAgentToday website.

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