Buy-to-let set to avoid European regulation

Buy-to-let is likely to avoid regulation from the European mortgage directive after a key vote allowed the UK to be exempt.

The powerful European Parliament group, the European Monetary and Economic Affairs committee – ECON – voted through its draft proposals today after months of delays.

The committee had struggled to find agreement and delayed a vote five times since its initial date in December 2011.

Read the full story at Mortgage Strategy 

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