Five-Year Tenancies Would Only Work For 'One In 10'

Only 10 per cent of social housing tenants who have been living in their homes for five years would be able to move out of the sector, a new report has found. Family Mosaic carried out a survey of residents who began their tenancies in 2006 in a response to government proposals to introduce minimum five-year tenancies as part of the Localism Bill. The report – ‘Changing direction’ – said that the government, along with housing associations, should develop new models to enable home ownership. Brendan Sarsfield, chief executive of Family Mosaic said that the 20,000-home association was examining the introduction of a shared ownership scheme which included a five-year rent holiday to encourage more social tenants out of the sector. Download a copy of the report from the Family Mosaic website.