Saturday, 24 October 2009

Regulation needs to be fair

A survey by Paragon Mortgage Trends has found that 56% of landlords believe that the introduction of the Government s proposed national register for England will deter landlords from making further investments in the private rented sector.

Meanwhile, 57% believe that the register will force some landlords out of the sector because of the increased regulatory burden A quarter of landlords believe that the register will be helpful for tenants but a third state that it will offer no benefits to tenants.

John Heron of Paragon states "Landlords are already subject to an estimated 50 Acts of Parliament and 70 sets of regulation so they are naturally going to be sceptical about the introduction of another major regulatory initiative"

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