The managing director of independent buy-to-let expert Mortgages for Business, David Whittaker, has claimed that the subject of what makes a professional landlord needs more consideration.

Mr Whittaker claimed that the question has not been given enough thought so far.

"At what point do you decide someone is not an amateur and they have become a professional?"he asked, before suggesting that the definitions could be based on the number of properties landlords own or the value of their portfolio.

Commenting on the availability of mortgage finance, the industry expert suggested that there is a feeling in the sector that some amateur property investors "need protection from themselves".

Last month, Paragon Mortgages reported that nearly 90 per cent of landlords have claimed that it was more difficult to secure a buy-to-let mortgage in the three months up to August 2009 than it had been in the previous quarter-year period.

Written by John Weeks


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