Insiders close to the Treasury said it had told mortgage trade body officials that regulation of Buy-to-let lending to consumers was “a done deal” - despite the Council of Mortgage Lenders and the Association of Mortgage Intermediaries lobbying European officials to stop this happening.
Draft regulation in the European Directive on Credit Agreements Relating to Residential Property published by the European Commission earlier this year proposes to catch buy-to-let lending to consumers.
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Industry discussing buy-to-let regulation
