Including retirement planning
The buy-to-let property market continues to grow in leaps and bounds and trends suggest it is likely to continue.
This is partly due to the low rates of mortgage interest allowing some more creative investment ideas to come to fruition, such as remortgaging to release equity from an existing home, for a deposit on a buy-to-let.
Many are also cashing in pensions early to reinvest in bricks and mortar.
Investment in the future
According to a Barclays survey, three quarters of those investing in buy-to-let are doing so as a means to secure income and wealth for their family’s future.
Where as once buy-to-let was considered more a business decision by owning and managing a property portfolio, it appears it that opportunities with buy-to-lets are appealing to a wider proportion of the market.
It shows positive change within the buy-to-let sector and a growing confidence in property as an investment.
Survey results showed that despite planned taxation relief cuts for landlords, 23 percent were still considering the idea of investment in a buy-to-let, compared to 9 percent that are now intending to sell.
The right property and mortgage is important
Factors still remain, it is important to invest in the right rental property, in a good location that will achieve the rental income required to cover the mortgage repayments.
Similarly, setting the rental income at the correct market level is also deemed important, to ensure the investment is profitable long term and also to satisfy the terms of any buy-to-let mortgage.
Before you go…
Don’t forget to download our Talking Money quarterly magazine, containing our Property Update on Buy-to-Let Investment
Dental & Medical Financial Services have expert knowledge of investment planning for doctors and dentists. Call to speak with Darren, specialist and independent financial adviser.
Tel: 01403 780 770