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Regulations causing problem for landlords?

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The application of regulations is one problem facing property investors.

This is according to Alan Ward, chairman of the Residential Landlords Association.

He suggested that the volume of legislation and the way in which it is applied could cause headaches for landlords.

Mr Ward said: "To enable local authorities to achieve the targets set by government, they have harassed the generally well-meaning majority of landlords who are just the low hanging fruit for box ticking bureaucrats."

He added that over-borrowed landlords are also facing problems regarding mortgage repayments.

The expert suggested that forced sales could come into place if lenders enforce a clause which allows them to revalue properties.

These comments came after a recent study by Paragon Mortgages found that 58 per cent of landlords were worried about regulations.

Meanwhile, 38 per cent were concerned about funding new home purchases and 32 per cent had worries regarding retaining tenants.

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Date Published: 14 January 2010

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