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.
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.