Friday, March 23, 2007

Buy to let to get squeezed

Could buy to let suffer due to new consumer credit legislation?

Lee Tillcock, editor of business Moneyfacts commented: "The last year has seen a raft of legislation impacting on the buy-to-let sector, with more new rules and regulations still to be implemented. So far the new regulation has covered areas to protect both the landlord's and tenant's rights. However lenders and borrowers should also be aware that The Consumer Credit Act 2006 (CCA 2006) presents potentially far more serious issues when its provisions begin to take full effect next April.

Posted by converted lurker @ 11:58 AM (495 views)
Please complete the required fields.



2 thoughts on “Buy to let to get squeezed

  • This seems like a sensible way to let some of the air out of the housing market. On the other hand, if those in a position to impose this are themselves buy-to-let investors, you have to wonder which interest will come first. …..Maybe, they will sell first, impose the regulation and buy back at a lower level……..or am I being too cynical?

    Reply
    Please complete the required fields.



  • dohousescrashinthewoods says:

    Too cynycal by half. It’s not as if they engineered the bubble in the first place and bought into it.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>