MPs blast banks for restrictions on buy-to-let mortgage lending which discriminates against tenants on benefits

MPs blast banks for restrictions on buy-to-let mortgage lending which discriminates against tenants on benefits

The Work and Pensions Committee says the government needs to address concerns that a housing blacklist has effectively been created by mortgage lenders’ “no DSS” policies.

NatWest came under fire in October after it was revealed that the bank was refusing to remortgage a property because it was being rented to a tenant receiving housing benefits.

The bank told landlord Helena McAleer she would either have to evict her tenant – a vulnerable elderly woman – or pay the early repayment charges and find another lender.

 

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2018-11-21T15:12:45+00:00November 21st, 2018|