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Buy to let viable alternative to pensions says UCB

Rising numbers of people are viewing investment in property as a viable long-term alternative to pensions and other investments, according to specialist lender UCB Home Loans.

A report by the Nationwide subsidiary reveals that buy-to-let activity remains buoyant in areas including Bristol, Northampton, Leeds, Manchester and Newcastle. UCB says this indicates how far attitudes towards renting — traditionally more popular in continental Europe — have changed in the UK and to what extent there are opportunities in the buy-to-let market.

Managing director Charles Reed says: "Our level of home ownership in this country is one of the highest in the world, so perhaps we’re now becoming more European in being more relaxed about renting. At the same time, for many people, investing in property which can them be rented out is becoming a popular alternative to pensions and other forms of investment."


India is taken to tusk over jumbo pensions

State-employed elephants in India are to get retirement pensions from age 65 under new rules which will mean they are housed and fed for life.The south Indian state of Kerala has ordered that all government elephants must retire at 65 and get an inflation-proof food, healthcare and accommodation allowance.There are clear-cut rules set out for […]

Liverpool Vic cuts With-profits payouts

Liverpool Victoria is reducing its conventional with profits maturity payments by between 3 and 5 per cent. Regular bonuses on conventional policies are unaffected and the friendly society says that its unconditional mortgage endowment guarantee remains unchanged.

Walking the tightrope

When the Department for Work and Pensions published its Green Paper in December, the response from practitioners was muted if not critical.Many issues in the Green Paper had already been covered previously in depth in the Pickering report so we expected more action, instead of which we got more consultation. Perhaps the criticism was unfounded, […]

Tax threat on annuity avoidance

People who fail to buy an annuity by 75 could face Inland Revenue penalties if the delay takes them into the new legislative framework after April 2005.The Revenue could drop its softly softly approach in the run-up to A-Day if people whose 75th birthday is before April 5, 2005 attempt to get the benefit of […]


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