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Buy-to-let regulation will help the sector flourish: Assetz

by: Mortgage Solutions
  • 30/11/2009
  • 0
Buy-to-let regulation will improve the sector because a new type of property investor who takes a long-term view will enter the market, according to property investment specialist, Assetz.

Assetz has called for the FSA to implement buy-to-let regulation to prevent the widespread mis-selling that has taken place in recent years and ensure risks are properly disclosed to investors.

Stuart Law, chief executive of Assetz, said buy-to-let mortgage regulation could stop penniless speculators entering the buy-to-let investment market and should improve the transparency of individual transactions.

He added: “Taking away the speculative, higher risk transactions will improve the risk profile of the sector from a lender perspective. This will aid the recovery of the housing market as a whole. Buy-to-let LTVs and interest rates will become more competitive as lenders once again view more that buy-to-let as a lower risk sector than standard home loans.”

 

 

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