False alarm on long term tenancies
Tuesday 21 August 2018
Following the negative reaction to the government’s proposed longer three year tenancies, additional proposals were speculated to provide landlords with financial incentives. However,the government has confirmed there is no announcement due on long term tenancies and reassured landlords all responses will be taken into account before a decision is made.
The news comes in the wake of a report in The Sun newspaper, published on Thursday, August 16, in which an unnamed source said Housing Secretary James Brokenshire is backing calls for mandatory three-year tenancies, with a ‘formal decision’ due to be announced by the Government next week.
In an official response, his department confirmed that the consultation ends next week and Ministers will consider responses ahead of announcing next steps.
No date has been set for an announcement.
The Residential Landlords Association had expressed concerns about the news report, with the consultation into the Government’s proposals not due to be completed until August 26.
We want to add value to landlords with interesting news and views! Our Hub includes information and opinions on the housing market from a variety of expert sources – please just be aware it doesn’t always reflect Simple’s opinion, or the products and services we provide.