{"id":100520,"date":"2018-10-26T00:04:47","date_gmt":"2018-10-25T17:04:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenants-missing-out-on-cheaper-credit-deals-letter\/"},"modified":"2018-10-26T01:03:40","modified_gmt":"2018-10-25T18:03:40","slug":"tenants-missing-out-on-cheaper-credit-deals-letter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenants-missing-out-on-cheaper-credit-deals-letter\/","title":{"rendered":"Tenants missing out on cheaper credit deals | Letter"},"content":{"rendered":"


\nA cross-party group of MPs call on Theresa May to support the creditworthiness assessment billFor too long, opportunity has been divided among those who can get a mortgage and those who cannot. At present, the rent payments of Britain\u2019s 14.8 million tenants are not taken into account by lenders in the same way as (often substantially lower) mortgage payments.This unfairness increases the cost of borrowing for renters \u2013 excluding them from accessing the best deals \u2013 and forces many on the lowest incomes towards unaffordable, high-cost credit and a \u201cpoverty premium\u201d debt trap that can cost a household \u00a3490 extra every year. It also creates a barrier for tenants seeking fairer access to more affordable credit \u2013 whether it\u2019s for a mobile phone, a loan, white goods, insurance, utilities or a mortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Tenants missing out on cheaper credit deals | Letter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A cross-party group of MPs call on Theresa May to support the creditworthiness assessment billFor...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100520","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-q9i","jetpack-related-posts":[{"id":78555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-need-a-buy-to-let-mortgage-to-get-a-flat-with-tenants-still-there\/","url_meta":{"origin":100520,"position":0},"title":"Do I need a buy-to-let mortgage to get a flat with tenants still there?","date":"January 31, 2018","format":false,"excerpt":"\r The owner has agreed a new 12-month lease on the property and I would like to live in it Q I want to buy a flat, and I am a first- time buyer. The owner put the property on the market in October, but has agreed a new 12-month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-does-tenants-in-common-work\/","url_meta":{"origin":100520,"position":1},"title":"How does tenants in common work?","date":"September 11, 2013","format":false,"excerpt":"\r I have a \u00a340,000 deposit to put down and my partner will make the monthly mortgage repayments, but we're not sure if this is the correct way to organise itQ My partner and I are planning on buying a property together as tenants in common for \u00a3290,000. We will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rate-crisis-driving-record-rent-squeeze-as-landlords-pass-higher-costs-on-to-tenants\/","url_meta":{"origin":100520,"position":2},"title":"UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants","date":"June 24, 2023","format":false,"excerpt":"\r Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live \u2013 latest updatesMillions of renters across the UK are being squeezed by landlords passing on higher mortgage costs to their tenants, contributing to record rent increases\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-no-deposit-mortgage-that-lets-tenants-buy-the-home-they-live-in-with-a-gift-from-the-landlord\/","url_meta":{"origin":100520,"position":3},"title":"The no-deposit mortgage that lets tenants buy the home they live in \u2026 with a gift from the landlord","date":"July 1, 2024","format":false,"excerpt":"\r Under a \u2018concessionary purchase\u2019, property owners can agree a cut-price sale to incumbent renters to save costsA growing number of people are taking out a little-known type of mortgage that allows them to buy a property without having to put down a deposit.Several lenders offer \u201cconcessionary purchase\u201d mortgages, meaning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50580,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-tax-relief-cut-doesnt-add-up-for-buy-to-let-landlords\/","url_meta":{"origin":100520,"position":4},"title":"Mortgage tax relief cut doesn\u2019t add up for buy-to-let landlords","date":"April 1, 2017","format":false,"excerpt":"\r Tenants are being turfed out as tax changes beginning in April make it increasingly hard for owners to profitToday will see two of buy-to-let landlord Jamie Brewis\u2019s tenants \u2013 a couple in their 60s \u2013 having to move out of the bungalow that has been their home for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-seven-private-tenants-pays-more-than-half-income-in-rent-study-finds\/","url_meta":{"origin":100520,"position":5},"title":"One in seven private tenants pays more than half income in rent, study finds","date":"July 3, 2017","format":false,"excerpt":"\r Only 2% of homeowners spend similar a salary percentage on their mortgage, according to LGA researchOne in seven tenants privately renting from a landlord is paying more than half of their income in rent, compared with just 2% of homeowners who pay more than half their income on their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100520"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100520"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}