NLA: Landlords should not pay costs of buy-to-let regulations

Proposals outlined by the Financial Services Authority's (FSA) Mortgage Market Review yesterday have been met with apprehension from the National Landlords Association (NLA).

The organisation, which represents the interests of landlords across the country, has expressed concerns that plans to place a ban on self-certification mortgages and more stringent affordability checks by lenders could mean increases in the costs of borrowing for landlords.

David Salusbury, chairman of the NLA, claimed that professional landlords do not require the same level of protection as less experienced landlords.

"As with all proposals, the devil will be in the detail," he said. "When does a so-called 'amateur landlord' become a professional landlord? How large does a property portfolio need to become?

"The majority of landlords are financially sound and approach their lettings business in a professional and business-like way. We must ensure this fact is at the heart of all discussions relating to regulation which will affect landlords."

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