The National Association of Commercial Finance Brokers (NACFB) has welcomed the decision by the Treasury to extend the consultation period for buy-to-let regulation until the end of April.

NACFB chief executive, Adam Tyler , said: “I am glad that they have held off implementing regulation and are looking for further input before any plans and drawn up. During our representation we outlined the difficulties inherent in a ‘one size fits all’ regulatory package based on the residential market and explained that definitions would need to be thought out carefully so that regulation wouldn’t strangle an already fragile market.