SAFEagent is launching a ‘week of activity’ beginning on May 14th until 20th May, aimed at raising awareness of the scheme with tenants and landlords.
As part of the week there will be national and regional events to increase the knowledge of landlords- especially first-time landlords– and tenants of Client Money Protection Schemes and their importance. SAFEagent itself currently boasts more than 1800 letting agents. Continue reading SAFEagent Launches its Awareness Week
European politicians have delayed voting on buy to let regulation and other key home loan proposals.
The vote was scheduled to go before the European Parliament’s economic and monetary affairs committee today (April 25, 2012). Continue reading Buy to let regulation vote delayed again by Eurocrats
Landlords are the wrong target for buy to let regulation, according to the latest behind-the-scenes thinking.
Regardless of the rights and wrongs of the ‘rogue’ landlords debate, politicians and law makers are looking at tightening the rules for letting agents. Continue reading Landlords are the wrong target for buy to let regulation
Mark Alexander
Mark and his family have been investing in property since 1989, initially in the Norwich area but more recently across the length and breadth of England. Mark created Property118.com as a social network for landlords with a vision of becoming the UK’s largest online property investor directory.
Mark’s experiences and strategies as a landlord are shared here
The UK will comply with proposals to regulate buy to let mortgages if the European Union decides to include the loans in the forthcoming consumer credit directive.
Despite warnings that regulation will change the face of the market from bank and building society trade body the Council of Mortgage Lenders, the Financial Services Authority sees the ‘logic’ in the directive.
The CML has argued for some months that buy to let loans should remain outside the directive because the borrowing is a commercial rather than consumer transaction. Continue reading Buy to Let Mortgage Regulation is Logical, says the FSA
"The buy to let row is rumbling on in Europe"
Rows over the future of buy to let lending are raging on as the European Union debates ways to safeguard consumers from unfair lending practices.
European politicians are formulating a mortgage directive to standardise lending rules across the 27 member states, but buy to let lenders in the UK are protesting the new constraints are unfair to banks, building societies and borrowers.
The issue for lenders is the UK is the only European country that has a thriving buy to let market.
In other countries, property investment is carried out by companies or trusts rather than individuals. Continue reading Buy to Let Mortgage Row Takes Another Turn in Europe
A gang-of-five of mortgage industry trade bodies has joined forces to challenge European Union proposals for mortgages that include tougher regulation of buy to let.
The EU is pushing a draft mortgage directive through the European parliament that aims to tighten up rules for residential and buy to let lending. Continue reading Gang-of-five challenges EU buy to let regulation
