According to Kevan Keegans’ report “the End of Sell and Rent Back” if the OFT acts on the recommendations of noteworthy organisations (Shelter, Citizens Advice, CML and IMLA) it could either stifle BMV entrepreneurship, or stop it all together.
Lobbying Group | Primary Argument | Implication for Landlords |
IMLA / CML | Tax subsidised company buying at full market value | Elimination of all BMV trades |
Shelter | Only Housing Associations to be permitted to own rent backs | Stifling bureaucracy; capital gain opportunities eliminated |
Citizens Advice | Ban all advertising; allow only social landlords | Kills demand; end of the free market |
CML | Bring under full FSA control | Authorisation, minimum solvency and capital; Monthly reporting, compliance inspections |
Table reproduced from Kevan Keegans Article
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