The Government’s Rug Report was released last week. It recommended that landlords make a business plan before taking out a buy to let mortgage.

Landlords will also have to have a licence to let before taking out a mortgage. The review said that the new measures would be to protect tenants in case landlords default on mortgage payments.

In January-June 2008, the number of landlords being repossessed due to non-payment of mortgages rose by 25%, according to the Council of Mortgage Lenders.

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