Both the Council of Mortgage Lenders and the Building Societies Association have called for the Financial Services Authority to introduce buy-to-let regulation when it sets out the final rules for the mortgage market . The FSA has called on the Treasury to give a final decision over whether regulation should include the buy to let mortgage market.
At this stage, the Treasury is erring in the favour of non-regulation due to the investment decisions made by buy to let mortgage borrowers . Director-general of the CML, Michael Coogan, reportedly commented: "For amateur property investors, poor investment advice is the issue, not the mortgage . Inappropriate regulation could also further damage buy-to-let lending, which has shrunk substantially in the last two years, at a time when the Government is separately promoting investment opportunities in the private rental sector."
Meanwhile, Paul Broadhead of the BSA reportedly said: "Investors view their purchase as an investment, and conventional aspects of the risk assessment process such as affordability, income and suitability requirements would not be the sole consideration when assessing such mortgages ."
Mortgage lenders call for no buy to let regulation
Mortgage Quote Line
0845 108 0505
Mortgage lenders call for no buy to let regulation
Mon, 22 Feb 2010
Recommended links
Mortgage calculatorMortgage enquiry
Mortgage rates and offers
Switching your mortgage
Buy to let mortgages
Compare but to let mortgages
Equity release mortgages
Fixed rate mortgage deals
Tracker mortgage rates and offers
Self build mortgage quotes
Mortgage lenders directory
Find a mortgage broker
Mortgage protection insurance
Mortgage arrears guide
Repossession help and advice
CML argues against regulation on but-to-let mortgages
New buy to let mortgages from The Mortgage Works
New buy-to-let mortgages from Godiva
Buy-to-let remortgage level slips
Buy-to-let mortgage borrowers need to do research
Buy-to-let mortgage market on the way to recovery
Buy-to-let mortgage market on the up
Buy to let mortgage regulations will not work, says firm
Buy to let landlords give up on mortgage market
New regulation of buy to let mortgage sector
Landlords struggle for buy-to-let mortgage finance
Buy to let mortgages fail to meet demand
The Money Centre strikes buy-to-let mortgage deal
Buy to let mortgage market suffering
Buy-to-let borrowers fail to check mortgage market
Buy to let mortgages coming back to market
Buy-to-let mortgages disappear, says moneysupermarket.com
Mortgage protection schemes a letdown
The Mortgage Works launches new buy to let deals
Buy to let landlords face limited mortgage choice, figures show
| mortgages news |
|---|
| BoE reveals fall in mortgage approvals - Fri, 30 Jul 2010 |
| Santander cuts fixed mortgage fees - Fri, 30 Jul 2010 |
| Homeowners encouraged to fix their mortgage - Thu, 29 Jul 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage