Speaking at the Mortgage Business Expo at Olympia 2 yesterday, intermediary channel director Finlay said that buy-to-let regulation was likely to be on its way, whether people liked it or not.
He added that the vast majority of buy to let market participants already treated it like a regulatory sale, therefore a major change in attitude will probably not be required.
Nationwide’s Paul Howard re-stated the fact buy to let regulation is still not an absolute certainty throughout Europe, but added that he also expects it to become so.
He said: “If we’re going to regulate some aspect of buy-to-let it should be the decision or advice to invest in buy-to-let.
“Personally, I think it misses the target by aiming roundly at buy-to-let mortgages. But I do think we will end up there especially with the Financial Services Authority admitting that they could see the logic of regulating the sector.”
