Results from a recent Pink Survey have revealed that out of the intermediaries who took part, 57 per cent thought it would be a good thing for the sector, whilst 42 per cent disagreed and just 1 was unsure.
Back in June at the Financial Enforcement Conference, the FSA moved to clarify its position over the regulation of buy-to-let and a spokesperson commented that: “We do not regulate buy-to-let and our remit is set by the Treasury.”
Furthermore the National Landlords Association (NLA) has since rejected recommendations in a review by Sir Bryan Carsberg, former director-general of the Office of Fair Trading, for a private sector regulatory scheme for landlords, estate agents and letting agents stating: “We need the chance to address concerns that some landlords are inexperienced. This does not require heavy-handed regulation.”
Pink’s Network Services Director, Kay Leslie, commented on the findings: “Feedback from our customers has been fairly balanced, however it is clear that a large number of intermediaries see the benefit of being in a regulatory environment.”
