The National Landlords Association (NLA) has claimed that it is concerned private landlords' costs will rise in the wake of further regulation on the buy-to-let industry.

In a statement following the latest Financial Services Authority (FSA) publication, which proposed a number of changes to the mortgage lending market, NLA chairman David Salusbury said that any decisions should be made in the knowledge that most landlords are financially sound and are business-like in their approach.

"We must ensure this fact is at the heart of all discussions relating to regulation which will affect landlords,"he stated.

The FSA has indicated that it could bring the buy-to-let industry within its regulatory regime, which it claims will strengthen oversight arrangements and offer more protection to those making investment decisions on property.

Mr Salusbury said that some private landlords will be able to protect their assets "quite adequately".

Meanwhile, price comparison website welcomed the "long overdue overhaul"of the market, but said that the FSA's review could have addressed more issues.

Written by Mark Garner

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