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18-Jan-08
A member of the Bank of England's Monetary Policy Committee (MPC) has hinted that he supports a cut to the base rate of interest sooner rather than later.Deputy governor of the Bank and MPC member Sir John Gieve hinted at his support for a reduction durin...
Market is stronger than it was in the 90s
18-Jan-08
We are not about to see a property price crash on the scale seen in the 1990s, according to one expert.CB Richard Ellis believes that prices will actually rise by around three per cent in 2008, reports the Telegraph.The firm is confident that prices will ...
Jobs stats won't postpone rate cut
18-Jan-08
The latest employment figures reveal that more people got themselves jobs in the three months to November 2007, but future projections point to less healthy times ahead.With this in mind, Dr John Philpott, chief economist at the Chartered Institute of Per...
Landlords receive tax returns reminder
17-Jan-08
People who own investment properties in London and elsewhere in the UK need to get their self-assessment tax returns in before the January 31st deadline.HM Revenue & Customs (HMRC) has warned landlords and other self-employed people not to miss the da...
London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
17-Jan-08
A quarter of Britons who carry out home improvement work underestimate how much the projects will cost.That is according to Halifax, which reveals that around one million people undervalue the expenses involved by approximately £4,500.It means that B...
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Print this articleLandlords think long-term
14-Jan-08
The majority of British buy-to-let property investors have long-term plans for their portfolios.
That is according to new research from Alliance & Leicester, which shows that 57 per cent of those questioned intend to use the money they make from buy-to-let for future major events.
Many plan to use the money to fund their retirement, while others will use the cash to help their children go to university.
In addition, the survey found that only four per cent of UK buy-to-let investors see themselves as professional full-time landlords, while 87 per cent view their investments as money-making pastimes.
"It is encouraging to see landlords taking a measured, long-term approach to their buy-to-let investments," said Stephen Leonard from Alliance & Leicester.
"Releasing the equity built up in a rental property over a number of years could provide a crucial lump sum to cover future needs, like university fees, helping their children onto the property ladder, or even acting as an alternative pension pot.
"But whether it is to provide a pension for retirement, or a monthly income, landlords' ambitions suggest buy-to-let will remain an important part of the overall UK housing market," he added.
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