Thursday, 4 July 2013

Nationwide Allows Landlords to Offer Longer-Term Tenancies

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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