Buy To Let Mortgage Regulations
The Financial Services Authority has said that those who would like to buy to let mortgages regulated should lobby their MP to raise the issue with the Treasury.
Many are keen to see the market regulated, as buy to let purchases are an investment and therefore should be covered by some sort of regulation.
The Financial Services Authority has before now stated that buy to let is high risk, as consumers do not understand the risks involved in this sector.
Many Landlords Still to Sign Tenancy Deposit Protection Scheme
Lenders are telling landlords to make sure that they are signed to a Governments approved tenancy deposit protection scheme.
The National Landlords Association estimates three quarters of landlords still have not registered with a scheme.
Landlords are being warned not only are they possibly breaking the law by not being part of a scheme there is also the likelihood of large fines is they should have a dispute about deposits.
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