Metro Bank Scraps Discriminatory Mortgages After MP Nudge
Law360, London (June 11, 2019, 5:34 PM BST) -- Metro Bank PLC has pledged not to offer discriminatory mortgages that prevent landlords from renting properties out to tenants on housing support following intervention by members of Parliament, the government said Tuesday.
Metro Bank will not offer buy-to-let mortgages that prevent homeowners from renting their houses to people who receive social benefits from the government, known as “no DSS” adverts, the Ministry of Housing, Communities and Local Government and the Department for Work and Pensions said. DSS tenants are private customers who claim benefits, referring to the now-defunct Department of Social Security that used to pay these out.
The lender’s decision...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!