Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to ensure that mortgage lenders do not prevent landlords leasing properties to tenants in receipt of social security benefits.
The Government wants to ensure tenants in receipt of housing benefit are able to access suitable properties.
UK Finance has assured us that the majority of active Buy-to-Let lenders do not prevent landlords leasing properties to tenants in receipt of social security benefits. Therefore, any landlord who wants to let to benefit claimants should be able to easily find a lender who will allow that.
It is also worth noting that only about a third of private rental properties are financed by a buy to let mortgage.