Landlords express BTL concern

Landlords have expressed concern that new regulation of the buy-to-let sector will increase borrowing costs. Reacting to yesterday's proposals by the FSA, which will bring BTL under regulatory regime, the National Landlords Association (NLA), said that although increased protection may be welcome for less experienced landlords, it is not needed for professionals who treat lettings as a business. "As with all proposals, the devil will be in the detail but the FSA may come across problems of definition. When does a so-called 'amateur landlord' become a professional landlord? How large does a property portfolio need to become?" commented David Salusbury, chairman of the NLA.
 
 
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