18 July 2013
Henry Jordan, Managing Director of The Mortgage Works, part of the Nationwide Building Society Group, comments on The Communities & Local Government Select Committee report on the private rented sector: "The Communities & Local Government Select Committee report on the private rented sector is timely because it shines a light on a fast growing sector of the UK housing market and highlights some of the key issues that tenants face.
"We have already made a series of changes aimed at supporting the private rented sector. In June we enabled our buy to let customers to offer their tenants the option of a longer term contract of up to three years to provide them with greater stability – an initiative that the Committee's report suggests should be adopted market wide.
"Within the next few weeks we will be launching a free, independent landlord's guide, covering everything that's involved in owning and managing a rental property. The availability of information for landlords is an important feature of the market – something which is also recognised in the Committee’s findings."