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Closed STOP EU regulation of Buy To Let Mortgages

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There are fears regulation will restrict mortgage availability, force landlords who are unable to remortgage to sell up, with falling house prices & fewer properties to rent among the results.

According to analysis by the Building Societies Association, EU intervention could prove disastrous.

Some 1.4m landlords are set to be affected by the proposal, some might find they no longer qualify for a remortgage in as little as 2 years’ time.

Read full article here: http://tiny.cc/b90bn

“Over time this could lead to a reduction in private rented sector properties. At the extreme, current BTL borrowers may be forced to sell their property portfolios, which would have obvious implications for existing tenants & the housing market as a whole.”

This petition is to express the strength of feeling & possible effects of such regulation, to URGE the Government to prevent this action to protect both British Business & Individuals’ rights.

64 signatures

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10,000

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  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 22 February 2012.