
Buy-to-let landlords have had a huge assets build-up in the last few years according to research by Alliance and Leicester Mortgages, nearly 90 per cent of landlords see managing their rental properties as a profitable pastime.
Figures also showed that more than half of landlords investing in buy-to-let property build up assets for the future, fund retirement or pay their children’s university fees, rather than to supplement their monthly income. This indicates that many have opted to invest in property rather than traditional pensions.
The research also showed that nearly 6 out of 10 landlords plan to continue renting out their property for an average of 18 years, proving that Buy-to-let will remain an important part of the overall UK housing market.
Our view
Property is always a long term investment but the downside is capital gains tax. We welcome people improving the housing stock in the UK by being landlords and renovating property. Problems may come if there is a recession.
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