Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government what assessment they have made of the abolition of assured shorthold tenancies on those seeking a mortgage from mortgage companies which require tenancies of at least six months without a break.
The Renters (Reform) Bill will deliver a fairer deal for renters and landlords, removing Assured Shorthold Tenancies (ASTs) to abolish Section 21 ‘no fault’ evictions. This will provide tenants with more security.
The Government has considered the impact of removing ASTs and continues to engage with stakeholders, including the financial sector, on the impact of the reforms. Financial products continue to be available in Scotland, where similar reforms have been implemented.