Moore Blatch, the repossessions litigation specialists, has called for the advertising and promotion of buy-to-let mortgages to carry the same risk warnings as other forms of investment.
As buy-to-let is also an investment, Moore Blatch is concerned that investors may seek legal redress if they were not advised the buy-to-let transaction was liable to fluctuations in returns.With falling rental yields and certain properties and locations suffering particularly badly, some investors may seek legal redress if they believe that they were not fully informed of the dangers of the transaction.
Paul Walshe, head of lender services at Moore Blatch, said: “We believe buy-to-let investment should be subject to the same regulation as other forms of investment; people should be aware of the risks involved when investing any sum of money, and buy-to-let is no exception.”
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