Research carried out by Paragon Mortgages found that nearly six out of 10 (58%) of landlords said they were worried about the amount of btl regulation needed in relation to running their property business during the year. It wasn’t only existing regulation that was of concern, but the chance of new rules and regulations that may come into play and affect their letting business.
Private sector landlords are already heavily regulated with about 50 Acts of Parliament and 70 sets of regulations governing the rental sector but it’s possible that even more could be on the way. For example, the government are expected to report soon on its research into the possibility of a national mandatory registration scheme for landlords.
For those looking to invest in more properties, 37% of landlords said they were worried about how they’ll fund property purchases in 2010. In addition, some of the other major issues concerning landlords in the coming year were found to be how to retain tenants (32%), how to find tenants (31%), how to deal with tenant disputes (24%) and how to meet those all important mortgage payments (12%).