Further rule changes would damage BTL market

When asked what their clients are doing, some said their clients were selling, going outside of London, creating limited partnerships or getting their residential property exposure through property funds.

"We are certainly having to be much more holistic now as brokers", said Mr Montlake. "Professionals can really add value to clients."

FTAdviser’s inaugural Financial Advice Forum is held in London on September 11 and Birmingham on September 17.