A new partnership to give tenants and landlords a fair deal in the private sector has been hailed by Keighley’s MP.
Housing minister Kris Hopkins hosted a summit at 10 Downing Street, where he met leading lenders offering buy-to-let mortgages to private landlords.
Lenders agreed to work with the government to tackle barriers to giving tenants longer, “family-friendly” tenancies.
The government says it is taking steps to strengthen the private rented sector. These include compulsory redress schemes for letting agents and developing a draft tenants’ charter and model tenancy agreement.
The government is also investing £1 billion through a Build to Rent fund and £10 billion in guarantees to deliver new homes for private rent.
Mr Hopkins said: “I’m really pleased leading lenders have agreed to work with us to see how we can tackle the barriers that prevent people from getting the deal they want.”