Marketing for conveyancers

Norman Lamont concerned about buy-to-let

Former chancellor Lord Lamont has warned ministers to be wary of the growth in the buy-to-let market.

Speaking to The Observer he expressed concern that the bubble of buy-to-let could collapse causing widespread problems.

His concern is around the impact that an inevitable rise in interest rates will have on lenders and buyers.

Lord Lamont, said: "The Bank and the government need to keep a careful eye on the buy-to-let market.

"This is expanding very rapidly at the moment and it was an over-rapid expansion of it before that caused the demise of Bradford & Bingley."

Do you share Lord Lamont’s concerns?

Want to have your say? Leave a comment

Your email address will not be published. Required fields are marked *

Read more stories

Join nearly 5,000 other practitioners – sign up to our free newsletter

You’ll receive the latest updates, analysis, and best practice straight to your inbox.

Features