The Intermediary Mortgage Lenders Association (IMLA) has disagreed with comments made recently by Association of Mortgage Intermediaries director Robert Sinclair.

Sinclair said he believed that buy-to-let would fall under the regulation by the European Mortgage Directive.

John Heron , IMLA chairman, said: “It is certainly not a forgone conclusion that buy-to-let will become a regulated product under the European Mortgage Directive