Nationwide Comments on Select Committee Report on Rental Market

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."

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