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Debate House Prices
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Call for regulation of buy-to-let
john539
Posts: 16,968 Forumite
The end is nigh for the wildwest of buy-to-let.
Call for regulation of buy-to-let
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.
"Many lenders simply threw money at buy-to-let borrowers during the boom without sufficient checks on who they were lending to or what they were lending for," said Ian Fletcher, the Federation's director of policy.
"Consumers have suffered as their buy-to-let dream turned sour and many buy-to-let lenders were at the root of our economic problems."
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Comments
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This story is a bit of let us play but stop all the others playing please...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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