The FSA is likely to crack down on buy-to-let mortgage selling to protect novice investors, according to Landlord Mortgages.
The firm claims mortgage brokers and investment advisers could potentially give inappropriate return expectations to inexperienced buy-to-let investors. It predicts regulating the buy-to-let market will become a major concern for the FSA in 2008 as more ‘nightmare’ buy-to-let stories occur. Lee Grandin, managing director of Landlord Mortgages, says: “It is fair to say that novice buy-to-let investors are most at risk from inappropriate investment return claims made by mortgage brokers and investment advisers. “I am surprised that the FSA has not given guidance to buy-to-let mortgag...
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