| |
Mortgages -
New buy-to-let survey released - 14/01/2008
|
|
| |
| |
Buy-to-let investors see their properties as a money-spinning sideline, a new survey from lenders Alliance & Leicester suggests.
The study found that 87 per cent of landlords find their properties a "profitable pastime" - and only four per cent regard them as a "full-time profession".
Alliance & Leicester also found that a majority (57 per cent) see their buy-to-let house or flat empire as a good way of building assets for the future - with just 21 per cent regarding it as a short-term investment.
What's more, 11 per cent said that most of their income comes from renting out properties.
Stephen Leonard, Director of Mortgages at Alliance & Leicester, says: "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."
|
|
|
|
|
| |
|
|
|