POLL: Buy-to-let regulation divides opinion

Divided I presume into the majority who recognise that the FSA is a huge Quango of paper pushers doing nothing to help customers at all, just form filling. The minority? Those who have selfish, greed reasons to try and restrict the market to only them advising.

Of course the buy to let market should be more tightly regulated – much more tightly in fact. It is absolutely ridiculous that a person with (say) £50k to ‘invest’ can walk into a mortgage broker who is less well qualified and less regulated than an IFA and then leverage his ‘investment’ by (say) a further £150,000 to purchase a £200,000 single investment in one asset class. If the same person walked into an IFA and was told to borrow an extra £150k to invest £200k into ONLY one Unit trust I guess we would see a crucifixion at Canary Wharf. So why is the BTL allowed? Why are mortgages advisers treated so lightly? Why not full on RDR for them too?