View more on these topics

Buy to let booming, says Midshires

Becoming a private landlord is becoming increasingly popular and

buy-to-let borrowers want to buy more properties, according to research

from Birmingham Midshires.

A survey of Midshires&#39 buy-to-let mortgage customers revealed 79 per cent

would consider adding to their property portfolio.

Of this 79 per cent, 64 per cent said they would ideally like between two

and 10 properties.

Overall, 51 per cent said they entered the buy-to-let market was to create

additional income for the future and 27 per cent said it was to create an

income now and an investment for the future.

Six per cent chose buy to let as a means of owning additional property for

family and 4 per cent to provide an investment for their children to


Buying smaller houses to let tends to be more popular. Fifty-one per cent

rent out flats, 41 per cent rent out terraced houses and 26 per cent rent

out semi-detached houses.

Midshires says buy to let is becoming increasingly popular because of

rising house prices, improved legal rights, more demand for rented

properties and more choice in the mortgage market.

Head of mortgage marketing Michael Bolton says: “Buy to let is a long-term

investment and most people enter primarily as a means of earning extra

income for themselves.

“Providing it is looked in to properly, becoming a private landlord is not

as daunting as some people might first imagine. Buy to let can be a very

accessible investment option.”


The Daley Update

Credit Suisse Asset Management is cutting the initial charge on its incomefund by 1 per cent to 4.25 per cent until August 31. The fund, managed bystar manager Bill Mott, has been one of the best performers in the pastyear, with a return of around 11 per cent for the 12 months to mid-July.Minimum investment […]

Platform fixes lower amid threat of base rate hike

Non-conforming lender Platform Home Loans is overhauling its fixed-raterange to attract cautious borrowers fearful of interest rate rises. Platform is introducing two new loans and cutting the rate on two existingproducts after seeing demand for fixed-rate loans rocket by 13 per centlast month following market speculation of a rise in rates. The new loans at […]

Inscape takes a sipp at the pension market

Inscape, the investment management arm of Abbey National, has brought in the Inscape self invested person pension plan (Sipp).A full Sipp, the product is aimed at existing customers of Inscape who have an initial amount of at least £2,000 to invest in a pension that allows them control over where their money will be invested. […]

Pensions top priorities for firms and staff

Providing a pension is the top priority for employers wanting to recruitand retain staff, according to new research from Barclays and Legal &General. Employees rank pensions above bonuses and flexible working hours. The survey of consumer attitudes asked which benefits employees saw asmost important for firms to offer. Sixty-three per cent said a companypension was […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment