The UK needs to implement a "sensible approach"to buy-to-let lending, according to one industry representative.

Neil Young, chief executive officer of the Young Group, said that appropriate products need to be made available and "stability, consistency and certainty"are required.

However, he also suggested that it would be irresponsible for the market to return to the days where excessive credit was obtainable.

"Investors are increasingly frustrated that even when taking a conservative approach to investment purchases there is still a high degree of uncertainty ... over whether a mortgage offer will be advanced,"he explained.

His comments come in the same week that the British Bankers' Association (BBA) revealed that mortgage lending has increased by 4.6 per cent over the last year.

BBA statistics director David Dooks claimed that such activity among the high street banks has stabalised in recent months, although other lenders are not seeing similar levels of business.

Written by Claire Doyle
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