Over recent months there have been a growing number of calls for the Treasury to regulate the buy-to-let market, with a recent survey from legal firm Moore Blatch claiming that almost 90% of lenders would like to see this happen.
This seems like a very high figure and if it is representative of the entire market, then one has to consider what is driving lenders to this conclusion. Consistency and clarity are essential in today’s financial markets and for many lenders the fact that buy-to-let remains outside the scope of FSA regulation may be an anomaly they are uncomfortable with. Increasingly there is a move to principles-based regulation being put in place by the FSA, and for those lenders who offer regulated products alongside their buy-to-let loans, they will be expected to have the same standards, systems...
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