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Wednesday, April 07, 2010

Votes for mortgage regulations.

I read this recent article which suggests that landlords are apparently in favour of greater regulation of buy-to-let mortgages.

Surely this is like turkeys voting for Christmas?


Greater regulation can only mean:

*less choice of mortgages.
*more expense in buy-to-let mortgages &
*greater box ticking for a landlord when they eventually secure their buy-to-let mortgage.

How this can benefit any of us? I fail to understand.

What is needed by the authorities as I've said before is not greater regulation of the middle men that sold buy-to-let investments as a risk free guaranteed investment where all the prospective landlord had to do was to hand over the £20k deposit and then stick around to pick up their riches! No investment advisor would be able to give that type of advice to investors in any other asset class - so why residential property?

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