Research has shown that landlords in the UK are concerned about more Government regulations, although such guidelines may help to offer tenants peace of mind.

The survey by Paragon concluded 58% of landlords are worried about having to comply with new regulations despite many other challenges they may face in what may still be a difficult year for the buy-to-let market. This concern may be due to the fact that the Government is preparing to introduce a new compulsory landlord registration scheme as well as the fact that the HM Treasury is considering whether or not the Financial Services Authority (FSA) should be extended to regulate the buy-to-let sector.

Landlords are already heavily regulated with an estimated 50 Acts of Parliament and 70 sets of regulations governing the sector with many more being introduced, such as Energy Performance Certificates and Tenancy Deposit Schemes. These increasing costs to the landlord of renting out a property may be passed on to the tenants in the form of higher rents.

John Heron, representing Paragon Mortgages said: “It is not surprising that regulation tops the list of Landlords‘ concerns for the year. They already have to comply with a myriad of regulations, which seem to be regularly added to or amended by the government.”

Other concerns to landlords included disputes with tenants especially over rental arrears (24%) and worries of funding their property (37%).

When renting out a property it is important that landlords take out the appropriate insurance policy in order to protect themselves and their property.

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