As market conditions have steadily improved in the
aftermath of the financial crisis lenders have shown an increasing appetite to
advance mortgages to landlords who want to offer longer tenancies to those
renting in the private rented sector.
Although it is for individual firms to determine their own lending
policies, an increasing number of lenders are now willing to offer mortgages to
landlords who want to provide extended tenancies. The housing charity Shelter
has acknowledged this. Last year, it published a blog pointing out that there
is now a growing number of lenders who are willing to offer mortgages to
landlords wanting to provide longer tenancies. And these mortgages are still
available. Read more on the CML website.
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