{"id":958,"date":"2013-06-26T11:27:31","date_gmt":"2013-06-26T11:27:31","guid":{"rendered":"http:\/\/www.propertyportfoliosoftware.co.uk\/blog\/?p=958"},"modified":"2013-06-26T11:27:31","modified_gmt":"2013-06-26T11:27:31","slug":"mortgages-available-for-long-term-rental-contracts","status":"publish","type":"post","link":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/mortgages-available-for-long-term-rental-contracts.html","title":{"rendered":"Mortgages Available for Long Term Rental Contracts"},"content":{"rendered":"<p>According to the Guardian newspaper this morning, Nationwide is now willing to lend to landlords wishing to offer three year rental contracts on their properties. This is something of a turnaround because previously, Nationwide, in line with other lenders, would only make finance available when <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/video.basic_tenancy.html#watch-demo-anchor\">tenancy agreements<\/a> were capped at twelve months. So if you were looking to let a property on a tenancy agreement lasting longer than twelve months, there was little point in applying for a buy to let mortgage.<\/p>\n<p><strong>Security for Tenants in the Buy To Let Sector<\/strong><\/p>\n<p>Renting a home is becoming increasingly common in the UK and the housing charity Shelter has been campaigning for a while now for greater security in the private sector. They are particularly concerned about families with school age children who stand to lose the most when a tenancy agreement ends and they are forced to move to another property, sometimes at short notice.<\/p>\n<p>A comment made by the chief executive of Shelter: &#8220;This news is welcome recognition, as six or 12-month tenancies just aren&#8217;t working for England&#8217;s nine million renters.&#8221;<\/p>\n<p><strong>Greater Security for Landlords<\/strong><\/p>\n<p>It isn&#8217;t just tenants who stand to benefit from long-term tenancies. As any <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/landlords_property_manager_professional.prod.html\">landlord<\/a> knows well, if you have a reliable tenant who pays their rent on time, the last thing you probably want is to lose them. With this in mind, a 3-year tenancy agreement is a sensible idea. Both you and they each know where you stand and the tenant is more likely to look after the property if they are likely to be staying for a while.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Guardian newspaper this morning, Nationwide is now willing to lend to landlords wishing to offer three year rental contracts on their properties. This is something of a turnaround because previously, Nationwide, in line with other lenders, would &hellip; <a href=\"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/mortgages-available-for-long-term-rental-contracts.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-958","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=958"}],"version-history":[{"count":2,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/958\/revisions"}],"predecessor-version":[{"id":960,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/958\/revisions\/960"}],"wp:attachment":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}