Submitted on Friday 18th November 2011
Published on Tuesday 22nd November 2011
Current status: Closed
Closed: Wednesday 22nd February 2012
Signatures: 64
Tagged with
British ~ EU ~ express ~ Individuals
STOP EU regulation of Buy To Let Mortgages
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.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
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