What are the issues that we need to address if Buy to Let Mortgages are Regulated?

Regulating buy to let mortgages however, isn’t going to be straightforward and of course will incur costs, which for a lending business that is already suffering and only just getting back on its feet, needs to be thought through.

We’ve already seen tenancy deposit schemes coming into play which has cost the industry millions, hasn’t hurt or exposed any rogue landlords, penalises rather than rewards good landlords and letting agents and one of the companies has just put out invoices increasing costs by 1200%! Basically all of these extra costs will also just end up being passed onto higher rents for tenants. So, despite the costs of regulation, in this case it’s highly questionable as to whether anyone has benefited at all.

Read on to find out what issues need to be addressed ....