Guy Garrard, head of business development at Tiuta, says he expects buy-to-let to be regulated by this time next year.
Garrard asked delegates at the Mortgage Business Expo if they thought buy-to-let would be regulated by this time next year, with the majority believing it would.
He says: “Buy-to-let regulation will be good for the market if it is done properly, but that is a big if.”
He says it would be wrong for the Financial Services Authority to impose regulation based on the number of properties a landlord has.
This could mean a landlord with more than three properties would escape regulation and those with fewer would be regulated.