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Monday, October 05, 2009

Calls for BTL mortgages to come under FSA regulation

The British Property Federation are urging the Financial Services Authority to take on the regulation of the Buy-to-Let Mortgage sector.

Ian Fletcher, BPF director of policy, said there was a need for more regulation of the sector.

"Many lenders simply threw money at buy-to-let borrowers during the boom without sufficient checks on who they were lending to or what they were lending for," Fletcher said.

Read more in the Scotsman

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