26 Apr

More houses to rent in Manchester for social tenants?

More houses to rent in Manchester for social tenants?

Social tenants in the north-west may benefit from additional houses to rent in Manchester if the government encourages buy-to-let investment.

According to Landlord Mortgages, it is a "good time" for the rental market due to potential yields for property investors, but more encouragement is needed to boost social housing.

The broker claims more finance for landlords may become available as a result of schemes to boost social housing investment.

Lee Grandin, managing director of Landlord Mortgages, explained: "The only thing that the government can do is to try and encourage more private landlords to take on ... more tenants that are in need of housing and re-housing under government schemes."

However, a general lack of lending affects all homebuyers, he added.

Manchester City Council recently published an agreement setting out standards for tenants living in social property to rent in Manchester.

The authority has pledged a customer complaints system, as well as funded tenant groups to provide valuable feedback.ADNFCR-1222-ID-800511968-ADNFCR

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