Advisers warned of buy-to-let litigation

Walshe, head of lender services at Moore Blatch, says advisers should make it clear they are advising on buy-to-let mortgages, rather than buy-to-let as an investment opportunity, to prevent problems in the future. “Although buy-to-let mortgages aren’t regulated, advisers could still be sued for not exercising the proper duty of care, by not stating the property value could go down”, explains Walshe. Walshe says the buy-to-let market is a grey area as it can be seen as an investment, though most advisers might only think they are advising on a mortgage product. Professional landlords ...