Over half of estate agents want buy-to-let regulation

Over half of estate agents think buy-to-let should be regulated by the Financial Services Authority, reports movewithus.

In a survey of over 200 estate agents, 51% say it should be regulated by the FSA and then the Consumer Protection and Markets Authority.

Robin King, director at movewithus, says: “If the advice given to buy-to-let investors had been regulated by a body, such as the FSA, we might have seen better investment advice and far fewer casualties when things went wrong in this sector.  

“Buy-to-let is still a vulnerable market because of the type of properties being bought and so it is interesting to see that a significant proportion of estate agents themselves would like to see the sector regulated.”