"Accidental" landlords unaware of laws - buy to let mortgages

09 April 2009

Many "accidental" landlords that have been renting out their homes rather than selling them in the current economic climate may be unaware of the rules and regulations associated with the industry, it has been claimed.

John Heron, the managing director of Paragon Mortgages, noted that some owners are "ignorant" of the numerous laws imposed on those involved in letting properties.

"The onus is on the landlord to make sure they comply with all regulations and they are liable if something goes wrong … ignorance of legislation is not a defence," he remarked.

Mr Heron said that people may be unaware that they are required to provide an energy performance certificate to occupants, as well as ensuring they take proper care of the tenant's deposit.

Meanwhile, the National Landlords Association has claimed that the introduction of local housing allowance - a benefit that is paid directly to tenants rather than property owners to cover rent - has caused problems for holders of buy to let mortgages.

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