Stuart Law, chief executive at Assetz, criticised Paul Diggory, president of the CIH, for supporting the idea that BTL investors had priced first-time buyers out of the market, and for recommending the removal of investor tax relief.
Law said the comments were not to be expected from a professional body that purported to ‘maximise the contribution that housing professionals make to the well-being of communities’.
Law said: “We have also seen the IOD backing up this misguided suggestion. As a member, I in no way support this stance and was never consulted before they took the decision to speak out, supposedly on my behalf.”
Ray Boulger, senior technical manager for John Charcol, backed Law’s comments. He said: “A lot of the criticism of the BTL market is by people that don’t understand enough about how the market works.”
Get the daily news delivered to your inbox
Download our news ticker
Find the latest industry jobs
