Buy-to-let Registration Scheme is Said to Be Ineffective

The scheme implies that every year all UK landlords will have to pass a registration process on every property that is being let, after what a property will receive a unique number; the number will be used when signing tenancy agreements. However, the National Landlords Association supposes that this scheme will be an ineffective tool of dealing with illegal landlords or fraudsters.
The organization finds a request about complete list of landlords’ property assets too importunate.
The National Landlords Association makes such claims with a regard to the fact that a similar scheme has been launched in Scotland in April 2006 and in 2009 it was labeled as a complete failure. The data, presented by a housing charity, Shelter, demonstrated that one in four rental properties were not registered as a lack of resources meant that the legislation could not be enforced.
The chairman of the NLA, David Salusbury, comments that in the current economic situation it is the last thing to make good landlords feel penalized. Moreover, the scheme should be aimed only at the control of landlords rather than at interaction with the private-rented sector as a whole.
The organization keeps insisting on its opinion, which suggests that such a system resembles TV licensing, meaning that landlords provide their names and addresses, pay their money and receive an annual license. The Government on its part has to push up standards and to root out unfair landlords. Probably the Government will have to take the opinion of NLA into consideration.
The launch of buy-to-let register is regarded as another measure to keep control over the buy-to-let market, as it creates an extra step for those thinking of renting out existing properties. The trouble of the rental property market is seen in the growing number of accidental landlords, rent out properties, which they were unable to sell. Having rented the property out, they oftentimes do not inform mortgage lenders and the taxmen about the move.