The tenant is a vulnerable older woman who has always paid her rent on time
There are no arrears on Helena McAleer’s buy-to-let mortgage on a flat in Belfast. The tenant, a vulnerable older woman, has for more than two years always paid the £400-a-month rent on time. The money comes from housing benefit from the Northern Ireland Housing Executive. But when Helena approached her mortgage company, NatWest, for some additional borrowing, she was staggered to be told it would only be possible if she kicked out her tenant.
Why? Because NatWest, part of state-controlled RBS, won’t accept landlords having tenants on housing benefits. Given there are 4.2 million housing benefit claimants in Britain, that’s a huge segment of the population. And how very odd that the state bank discriminates against people on state benefits.
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