Moore Blatch, a repossessions litigation specialist, has called for investment style warnings to be included with buy-to-let products.
Paul Walshe, head of lender services at Moore Blatch, had already spoken of the problem with IFAonline.co.uk and has now made an official call for buy-to-let products to be presented to consumers as investment products. Current FSA regulations require all investment product promotions to carry a risk warning, which says: “The value of your investments and the income from them may go down as well as up and investors may not get back the amount originally invested.” Moore Blatch is concerned investors may seek legal redress if they were not advised their buy-to-let investment was liable to ...
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