Property investment assessed - buy to let mortgages
10 June 2009
Private landlords "will raise their standards" if new regulations are brought in for the rental sector, it has been suggested.
These individuals with buy to let mortgages will be more likely to compete with bigger institutions in the industry if they have to adhere to new legislation, according to Stuart Law, chief executive officer and founder of investment advisors Assetz.
Bigger property firms could end up taking all the rental business in the UK if laws are not developed, he added.
"If [new] regulations do not come in, [the bigger] institutions will probably deliver better quality, better run stock and over time they will squeeze out smaller landlords," Mr Law explained.
His comments come after both the Association of Residential Letting Agents and the Communities and Local Government department last month proposed new measures to raise standards among letting companies and landlords.
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