FSA regulations may not be as strict as once thought

It has been recognised by the Govenment that the buy-to-let market is a large contributor to the housing market. They have also acknowledged that the letting market does have a positive and beneficial effect on the UK economy, which has called for the Treasury to consider making changes to certain regulations in the market.

Proposals originally announced by the Government meant that the buy-to-let market would be regulated by the FSA in the same way as the housing market. Although with this new recognition to the sector they are said to be reconsidering this move and may look to only regulate certain parts of the sector.

The call to regulate the buy-to-let sector has always been a cause for debate for landlords, with so many believing it would damage their success while others argued it would help bring more revenue to their pockets.

However with the recent increase in accidental landlords and the increase in defaults it seems that the Government has almost been pushed into the decision to regulate the let property market.

News brought to you by Insure My Let Property providing UK landlords with a comprehensive amount of let property insurance.

April 16^th 2010

• Let property market improving
• Government proposal leads to landlord distress
• Landlords could face a hefty tax bill
• Landlords yeilds rise high
• Landlords and tenants must research
• Lenders loosen up on criteria
• Landlords and the FSA is it a good idea
• Landlord fined after failing to acquire legal license
• Buy to let rent rises by more than 1 percent