The financial press took a look at different aspects of the Buy-to-Let market this weekend. The Times reported on recent research which revealed that around 16% of those who will be cashing in their retirement pots following April’s ‘pension freedom’ reforms plan to invest in Buy-to-Let property. While this may be a way to generate income into retirement, experts warned that potential investors need to understand the implications regarding income tax, Inheritance tax, and the restrictions for older borrowers looking to secure a mortgage.
The Mail on Sunday looked at a different side to the market, that of Let-to-Buy. Strong rental demand and competitive interest rates can bring financial benefits for those looking to keep their existing property and purchase another, but again borrowers were urged to look into the extra costs involved and the limits on how much can be raised against the first property.
Elsewhere the Independent on Sunday considered the role of traditional versus online estate agents, revealing that, while homebuyers generally prefer a face-to-face experience, online sales are increasing.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
