A recently released report has finally acknowledged the serious contribution to the housing market made by the residential landlord. We have been going on about it for ages but it is nice to see the government catching on and giving praise where it is due. The most important factor in the government report is that the economic good being done by the private rent sector has also been noted.
This has lead to the treasury stating that it is considering making to the form of buy-to-let regulation it originally envisaged. This is great news. As we have said all along fair regulation is not an issue but there is no need for the everyone to be regulated as strongly. Some parts just do not need to have someone constantly looking over their shoulder.
It seems now that the treasury is leaning a little more towards our view which is that the residential BTL sector should be treated the same as the commercial one but with a few more safeguards in place. Well, at least we are hoping that is what all this means.
At the same time though some parts of society are trying to lay the blame for fewer first time buyers at the feet of landlords, but more about that tomorrow.
