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Landlords aim to build up portfolios

Almost a quarter of landlords are planning to increase their property portfolios in the next five years, according to research from the National Landlords’ Association.

Research by the NLA shows that 23 per cent of landlords plan to grow their portfolios while nearly 60 per cent expect the number of properties they own to remain unchanged.

NLA chairman David Salusbury says: “The fallout from the so-called credit crunch has dominated public attention, but in times of financial uncertainty people continue to need a roof over their heads.”

Salusbury warns that buy-to-let investors need to approach the sector with caution. He says: “Residential property investment is not a means to getting rich quick. It is unclear whether house prices will rise or fall over the next 12 months and those who are buying a property to let as someone’s home need to have a medium or long-term perspective.

“Demand for the right property in the right location remains sound but there is an oversupply of newbuild flats in some areas, which may make them difficult to let or sell.”


MBO for Gissings Advisory Services

Directors at Gissings Advisory Services has completed a management buyout backed by private equity group Dunedin. Pension adviser Gissings Consultancy Services is unaffected.

Fledgling move for Aim stocks

The board of Gartmore’s £98m Fledgling trust is seeking a change to investment policy that would allow managers Gervais Williams and Andrew Russell to hold Aim stocks.

Tenant’s extra

A client has asked for advice for his mother. Since her husband’s death a few years ago, she has become worried that, on her death, a very big chunk of the family’s wealth could go to the Exchequer. What steps can be taken to reduce inheritance tax?

Good news for the quality advisers

Simon Holt may have grabbed a headline or two by talking about the potential churning bonanza open to IFAs in light of the proposed new rules on capital gains tax although I think he is over-egging the cake a bit. Consider:1: The new rules are not yet cast in stone and frantic lobbying from the […]


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