Will Quince
Main Page: Will Quince (Conservative - Colchester)
Sajid Javid
It is important that we take a careful look at this policy, precisely because we all want to see a sustainable model that will result in providers providing enough of this type of home. That is exactly what this policy is designed to do, and when we come out with the final policy, that is what it will achieve.
Will Quince (Colchester) (Con)
The Minister for Housing and Planning (Gavin Barwell)
On 18 April, 20 leading members of the British Property Federation pledged to offer three-year tenancies in build-for-rent developments, and leading housing associations have made a similar pledge. We hope that will encourage a shift in the market towards more landlords offering longer tenancies.
Will Quince
Thousands of renters in Colchester and across the country will welcome that news, but does the Minister agree that landlords are only half the issue? In fact, getting mortgage lenders, 50% of which at the moment do not lend on more than a year’s assured shorthold tenancy, to change that policy will be the key to unlocking longer tenancies for the future.
Gavin Barwell
My hon. Friend is right to raise the issue of security for people in the private rented sector, and he is also right to identify the issue of lending. Since the Government introduced their model tenancy agreement, which has appropriate break clauses, there is no longer any impediment to landlord customers submitting longer tenancies. The majority now permit tenancies of up to two to three years.