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)
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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?

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  • dohousescrashinthewoods says:

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

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