A small announcement on the Commons website confirms that a Bill that would force lenders to include rent payments in their mortgage decision making will not become law.
Read MoreGround-breaking legislation to help tenants onto property ladder enters Commons
New legislation designed to force lenders to take rent and council tax payments into account when assessing tenants for mortgages has begun its journey through the House of Commons, sponsored by former…
Read MoreFCA to force lenders to help tenants get on the property ladder
Millions of tenants maysoon have the Financial Conduct Authority on their side, which could soon be policing lenders to ensure they take a tenants rental payments into consideration when lending.
Read MoreBird’s bill to make rental payments part of tenants’ credit histories
Big Issue founder Lord Bird’s Private Member’s Bill to compel lenders to take council tax and rental payments into account when making lending decisions has passed its second hurdle within the House…
Read MoreMandatory adding of rental payments to credit scores takes a step further towards reality
The mandatory adding of tenants’ rental payments to their credit histories took a step further today. A Private Members bill introduced by House of Lords cross-bencher Lord Bird (pictured, right), who founded…
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