Is buy-to-let a bubble about to burst?“No, it is not a bubble set to burst but it is certainly a dead market and no one new is coming into it. It is harder to get get high loans to value, too.” Peter Sharman, Optimum Financial Solutions “Yes, I think so. London is saturated and the yields are falling and we are not doing much buy-to-let business at all now.” Bharti Doshi, Allcover Financial Services “No. There is a sustain-able level of tenants who cannot afford to get on the property ladder and will provide regular income for landlords.” RR Shah, RR Shah & Co “Yes, I think it has already. At one point, every other mortgage we were doing was buy to let, now I think it is maybe one a month. I think what will be the next big thing to emerge will be buy-to-let remortgage.” Jeff Lever, Conran Financial Services “Yes. BTL will taper off this year. The proposals for allowing people to put their properties within their pension funds will mean people will hold off as it will look a lot more attractive next year. Prices will not go up this year and BTL will not look attractive.” David Swift,Swift Mortgages IFA No, I think BTL is fairly strong. If interest rates rise, it will reduce the number of people going into the market, especially in the first-time buyer sector, creating more demand for rented properties.” Tom Webster, Mortgages Life & Pensions IFA “No but I do not see great capital gains to be made from it in the South-east over the next three to five years. Properties are either approaching or at their peak value.” Nick Lincoln, Wilson Dean Financial Services Yes 50% No 50%
F&C Asset management has joined up with Investment Manager Selection for the selection of external managers for its manager of mangers equity mandates. The company hopes to expand its open architecture product capabilities as a result of the merger, through its fund of funds business. F&C European head of retail Laurence Lewellyn says: “F&C has […]
Assurances that employer contributions of up to 100 per cent of salary will gain tax relief would be a major positive from the Budget, according to Central Financial Planning director Ian Smith.
Economic growth last year was 3.1 per cent, and is forecast to be 3 to 3.5 per cent in 2005, and 2.5 to 3 per cent in 2006, said Chancellor Gordon Brown in his budget speech today. Brown said inflation was 1.75 per cent last year, and has predicted inflation of 1.75 per cent in […]
You might have read in the financial press in the last couple of months the spat going on between Aberdeen and Close Venture Managers over the management of the Murray Johnstone family of VCTs.
Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]