Buy To Let Regulation

Buy To Let Regulation

According to Intermediary Mortgage Lenders Association (Imla), buy-to-let could become less attractive if regulation becomes onerous.  Martin Partington, special consultant for the Law Commission, said too much privately-rented property is in a poor condition and poorly managed and the credit crunch means that an increasing number of people are deciding to rent so the private rented sector needs to “take its place effectively in the housing market”.

Peter Williams, executive director of Imla said having a competent and a capable private rented sector is a good thing, but his concerns would be the rules put in place could deter rather than encourage investment.  He said “Regulation deters people from entering the buy-to-let market so it becomes less competitive.  It is likely to reduce demand for buy-to-let landlords”.

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