Lenders refuse benefit tenants

According to Landlord Today the BTL lenders BM Solutions and Accord will not lend on a property with DWP assisted tenants or tenants in receipt of housing benefit.

Chris Maggs, Accord’s national account manager for buy-to-let, said:

“Historically, this type of tenant has been of a higher risk, and this is reflected in our criteria. We are currently reviewing this aspect of our lending criteria, and will communicate the outcome of this review when appropriate.”

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