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.
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.
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.
(7 years, 8 months ago)
Commons ChamberWe are investing nearly £250,000 in Colchester and Tendring to identify those at risk of rough sleeping and support them into accommodation. I thank my hon. Friend the Member for Colchester (Will Quince) for the role he played in the Homelessness Reduction Bill and join in his tribute to my hon. Friend the Member for Harrow East (Bob Blackman).
I thank the Minister for that response. May I pay tribute to the work of my hon. Friend the Member for Harrow East (Bob Blackman), whose Homelessness Reduction Bill will play such a large part in tackling homelessness? As the Minister said, from having sat on that Bill Committee and seen cross-party working in action, does he agree with me that it is by taking party politics out of this issue and working on a cross-party basis that we will tackle homelessness?
My hon. Friend is right, and the Secretary of State said exactly that earlier in our questions. There is a real need not just to invest more money in this crucial area, but also to change the law, to ensure both that we have a full safety net and that we intervene earlier to prevent people from becoming homeless, rather than just at the point of crisis.