Monday, Oct 05, 2009

Horse, Door, Shutting, Stable, Bolted.....

BBC Business: Call for regulation of buy-to-let

Buy-to-let mortgages should be regulated by the City watchdog in the same way as other home loans, an investors' group has said. Buy-to-let mortgages are generally treated as business loans, unlike other mortgages which are regulated by the Financial Services Authority (FSA). The British Property Federation, which represents investors, said regulation would halt "reckless lending". Many amateur landlords were drawn into the buy-to-let market during the boom.

Posted by jack c @ 02:23 PM (871 views)
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1. ontheotherhand said...

I'm pleased that stories about reckless lending make it on to the BBC, but I can't understand what's in it for the British Property Federation. Perhaps they are fed up that with so many amateur buy to let landlords, prices went silly and banks got hurt which in turn meant their members got tighter credit. The BPF's membership;

"We are a multi-faceted organisation with members from institutions, fund managers, investment banks and corporate property owners and developers, as well as a residential element of both commercial investors and individual landlords. In addition, we have members from the professions which support the property industry such as agents, lawyers, accountants, and consultants."

Monday, October 5, 2009 04:24PM Report Comment
 

2. tenyearstogetmymoneyback said...

ontheotherhand

I don't suppose many amateur landlords with one or two properties are members of the British Property
Federation or have even heard of them.

Monday, October 5, 2009 09:27PM Report Comment
 

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