The trade bodies aim to demonstrate to the FSA that self-regulation can continue to work in the buy-to-let sector.
The joint exercise was proposed by the CML.
David Salusbury, NLA chairman, said: “We’re very pleased to have been invited by the CML to work together on how we can educate would-be landlords and improve their understanding of the buy-to-let market.
“We are also working together to persuade the Treasury that its line on not regulating the buy-to-let mortgage market is the correct one and we are taking steps – in the form of landlord education – to ensure we self-regulate as a market.”
He added: “The NLA wants to raise standards in the sector and ensure there remains a fair and stable balance between landlord and tenant.”
Bernard Clarke of the CML said: “We have been involved in a range of initiatives to educate would-be landlords considering buy-to-let, and continue to work with the NLA. We support their stand on regulation because, in our view, the most likely source of potential detriment is the investment decision, not the funding of it with a buy-to-let mortgage.”
