COMMENTING on news that NatWest bank plans to review its lending practices to address concerns that they prevent landlords renting to benefit claimants, David Smith, Policy Director for the Residential Landlords Association said:
“With increasing numbers of benefit claimants now reliant on the private rented sector for a home we welcome NatWest’s decision to review its lending practices.
“The RLA continues to urge the rest of the industry to do likewise so that private landlords are better supported to house vulnerable tenants.”
The RLA last week wrote to the Treasury calling for it to work with stakeholders to address the problem of banks preventing landlords with buy-to-let mortgages renting to benefit claimants.
It followed the case of Helena McAleer, a landlord from Northern Ireland, who had her mortgage revoked by NatWest because she was renting to tenants in receipt of housing benefit.