Over half of estate agents think Buy-to-Let should be regulated

Over half (51%) of the estate agents surveyed believe that the Buy-to-Let market should be regulated by the Financial Services Authority, say property specialists movewithus.


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Friday 13th August 2010

Over half of estate agents think Buy-to-Let should be regulated

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The survey questioned over 200 leading estate agents across the UK and revealed the following results:

Should the Buy-to-Let market be regulated by the FSA?

- Yes: 51%
- No: 49%

Robin King, movewithus director, commented:

“If the advice given to Buy-to-Let investors had been regulated by a body, such as the FSA, we might have seen better investment advice and far fewer casualties when things went wrong in this sector.

"Buy-to-Let is still a vulnerable market because of the type of properties being bought and so it is interesting to see that a significant proportion of estate agents themselves would like to see the sector regulated.”

Author:
Millie Dyson Online Editor Online Editor
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