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EXPO 2010: B2L may be regulated this time next year

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.

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  • David 11th November 2010 at 12:16 pm

    Hmmm…. Here we go again, haven’t the FSA got enough on their plate to resolve first without adding more areas for them to regulate? Given the upcoming European rule and aren’t the FSA being disbanded anyway? Seems a bit odd to delve into potential commercial investment areas – will be an interesting and potentially very wide ‘grey line’ that might have to be drawn. Perhaps all areas are going to be regulated eventually even commercial ??

  • Robin Banks 10th November 2010 at 8:09 pm

    Guy Gerrard said: “Buy-to-let regulation will be good for the market if it is done properly….

    The word Lemmings comes to mind! I think I’ve heard that one before, yes it was before M-Day 2004!

  • Guy Garrard 10th November 2010 at 7:20 pm

    I dread to think where that line will be drawn my grey haired friend. Lets hope at the very least it ignores Ltd Co borrowers. This whole issue is more a skipful of worms rather than a canful. Lets keep our fingers crossed and keep the pressure on our friends in Canary Wharf.

  • grey haired broker 10th November 2010 at 3:55 pm

    I wonder whay guys definition of BTL is?
    Is he suggesting all residential property purchased to rent?
    If so. If Grosvenor Estates arranged a bank facility to buy a large portfolio of properties is he really suggesting that they would receive a KFI for each?
    A line would need to be drawn, but where?