The mooted FSA regulation of buy-to-let has been met with concern from landlord and letting agent bodies.
The National Landlords Association (NLA) is worried that the regulation of buy-to-let will mean increases in the costs of borrowing for landlords.
Although increased protection for smaller, less experienced landlords may be welcome, professional landlords who treat their lettings as a business do not require the same level of protection.
The FSA has proposed that buy-to-let would be brought within the FSA’s regulatory regime thereby, they claim, strengthening oversight arrangements and potentially ‘protecting consumers making investment decisions on property.’
David Salusbury, chairman of the NLA, said: “As with all proposals