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Buy-to-let sector becoming over-regulated: Landlord Assist

by: Mortgage Solutions
  • 11/02/2010
  • 0
Tenant eviction and rent recovery firm Landlord Assist has warned that the buy-to-let sector is becoming over-regulated due to proposals to create a national register for those letting property.

The national register, which is part of potential measures outlined by housing minister, John Healey, is an attempt by the Government to improve the standards of service within the private rented sector.

Graham Kinnear, managing director of Landlord Assist, said landlords do not need further regulation.

Kinnear explained: “In recent years landlords have had to conform with energy performance certificates, deposit administration and the new legislation of the 2004 Housing Act. In addition, changes in fire regulations as well legislation relating to Houses in Multiple Occupancy (HMO) and the Housing Health and Safety Rating System (HHRS) has meant that landlords’ costs have increased significantly.”

Stephen Parry, commercial director of Landlord Assist, said: “Without doubt there is sufficient legislation in place to police the private rented sector and to ensure that the quality of landlords and their properties is of an adequate standard. Due to the restricted supply of properties, the private rented sector is an important part of the economy and we cannot believe that the Government do not appear to be supportive of private landlords.”

 

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