Property investors call for buy-to-let regulation

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Buy-to-let mortgages and property investment clubs should be FSA regulated, according to the British Property Federation (BPF).

In the report, 'Responsible Regulation', the property investor trade body argues irresponsible lending has damaged the housing sector's reputation and has affected the ability of banks to lend.  As a result, professional landlords cannot expand their portfolios. The body has also called for tenants in repossessed properties to be given a minimum of two months to secure alternative accommodation. Property investment clubs should be regulated for providing advice as many clubs are important influences in attracting people to invest in property, the BPF also argues. Many lenders threw...

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