The buy-to-let market saw significant growth from 2003 – 2006 as a result of a favourable economic climate and low interest rates. This made it easier for prospective buyers to own property which resulted in: 1. Fewer tenants, since more tenants could afford to buy their own property 2. A surge in rental properties coming…

The National Credit Act came into effect on the 1st of June 2007 with all Credit Providers being required to comply with the Act in order to continue lending. Its main objectives are to: – alleviate the over-indebtedness of consumers; and – regulate the credit industry