Landlords 'harassed by regulations'

Posted: 15 Jan 2010 12:00:23 GMT

British landlords are becoming increasingly concerned about the level of regulation relating to buy-to-let properties, a recent survey has revealed.

The study, by Paragon Mortgages, found that the 50 Acts of Parliament and 70 regulations covering the rental sector were a worry to some 58 per cent of landlords.

Commenting on the findings, Alan Ward, chairman of the Residential Landlords Association, said that in order to achieve central government targets, local authorities have "harassed the generally well-meaning majority of landlords".

He stated that the way the legislation is applied, as well as its sheer volume, is a particular concern for many buy-to-let landlords.

The survey also revealed that a further 37 per cent of UK landlords were worried about how they were going to fund the purchase of property in 2010.

Mr Ward added that some investors will be forced into selling their properties if lenders enforce a clause which will require landlords to revalue their buy-to-lets and if necessary, provide a cash injection.

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