‘Simplistic and blinkered’ BTL opinions condemned

Assetz has criticised the Chartered Institute of Housing and the Institute of Director’s calls for penal tax charges on buy-to-let investors.

Mortgage Finance Gazette - 23 October, 2007

Stuart Law, Chief Executive Assetz, commented: “We have recently witnessed a flurry of rather ill considered opinions and proposals for a change in legislation, many from organisations who should know better.

“Paul Diggory, president of the Chartered Institute of Housing, has recently condoned the ill-considered view that buy-to-let investors have priced out first-time buyers and caused the affordable housing crisis, blatantly ignoring the fact that house prices have risen solely as a result of low interest rates over an extended period. He has also recommended the removal of the existing tax relief available for buy-to-let investors, which allows them to offset this against their rental income tax returns - full article