Recent research carried out by a property website shows only half (51 per cent) of estate agents believe the Buy-to-Let market should be regulated by the FSA, soon to be the Consumer Protection and Markets Authority.
The survey, conducted by the online property portal, movewithus, questioned over 200 estate agents across the UK and found the following results; 51 per cent of estate agents welcome regulation and 49 per cent oppose it.
Commenting on the results, Robin King, director at movewithus, said: “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.
Leave a comment