Buy to let regulations 'must be carefully considered'

30 March 2010

Written by Jeni Browne

Buy to let regulations should not be drawn up in a "one size fits all" package from the government, it has been claimed.

The National Association of Commercial Finance Brokers (NACFB) welcomed the move by the Treasury not to regulate the buy to let sector until it has had time to reflect.

And the body's chief executive Adam Tyler stated there are difficulties in producing a wide-ranging package for the industry.

"Definitions would need to be thought-out carefully so that regulation wouldn't strangle an already fragile market," Mr Tyler explained.

The government will now look at how landlords and consumers can be protected and other issues before making its decision.

"We will continue to work to make sure the broker's voice is heard," Mr Tyler continued.

Founded in 1992, the NACFB aims to raise standards of proper professional practice among commercial brokers and monitors legislation that could affect its members.

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