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Letters of the month

Star letter

Uncertainty is putting off buyers and making fixed rates attractive

In an MS comment, estate agency Haart claimed that Brexit could cause a drop in property transactions

Great article here. Brexit’s one certain outcome is uncertainty which will definitely have an impact on the property market.

Just yesterday we had two different clients at Trinity Finance decide they no longer wanted to purchase any more. Both clients were first-time buyers and were feeling very nervous about buying properties in the current climate.

In terms of the remortgage market, we are seeing record levels of enquiries to secure fixed rates. Again, the main reason for wanting the security of a fixed rate seems to be an overall concern about what the future may hold for interest rates.

Omer Mehmet

Help people to find a secure home

The work and pensions select committee threatened to regulate lenders’ policies on DSS tenants…

Excellent news – and about time too. I’m pleased to hear this is being looked at.

Benefits are not a lifestyle choice any more.

I think those that are on them really need them and should be helped, not hindered, to achieve a secure home.

There are also a lot of people losing benefits that should be getting them.

In the past, I’ve worked with landlords who have told me their housing benefit tenants have been the most reliable and considerate they’ve ever had, often residing in the property for many years.

As a country we are going to be more reliant on private landlords in future, due to a generation who may never own their own home.

Lisa Peach-Hill

All landlords want is a tenant who pays

And there was a strong response to last month’s Head to Head on whether BTL lenders are right to restrict landlords from letting to DSS tenants

The situation has been the same since long before Universal Credit came along. As long as I can remember, most mortgage lenders have denied DSS tenants. The reason is simple: they want their mortgage customers to have tenants who will pay the rent reliably.

It is true that any tenant may become a benefit recipient and a landlord cannot evict a tenant for this reason – that would be against the law. This may surprise some of the public, but all any landlord wants is a tenant that pays the rent and keeps their property in a decent condition – they won’t kick them out if those terms are met.

What is needed is for the authorities to work with private landlords and not ignore their needs or their contribution to society, pay the rent directly to the landlord and talk to them about what is happening.

If the tenant is not happy for that to be done then they would not be housed, but it is only reasonable that both parties to an agreement have some rights. Currently, only tenants have rights and landlords are vilified all round.

Gillian Courage

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