Research conducted by the Alliance and Leicester indicates that mortgage brokers would like to see buy-to-let mortgages regulated by the Financial Services Authority.
However, of the 200 intermediaries questioned, more than 36 per cent said that they would be against regulation of buy-to-let mortgages, while 0.5per cent did not give a preference.
Our view
It makes sense for the Financial Services Authority to be responsible for the market, which is now worth over £38 billion annually. Regulation would benefit the industry and the consumer as it would bring the buy-to-let market in line with regular mortgages and afford the public greater protection.
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