Aspiring homeowners turn to buy to let to boost income

01-Dec-2005

The buy to let market is seeing a surge in new investors as aspiring homeowners look to the sector to boost their retirement income.

To find out how to get onto the property ladder by buying to let somewhere else click here

Recent speculation over a pensions crisis has led an increasing number of potential property buyers to consider entering the buy to let market as a more affordable way of getting on the property ladder.

To find out what you can borrow, even if you are in an adverse credit situation click here

As housing assets become a major source of income for retirement, figures show that many investors are choosing to keep their properties and take advantage of the high rental yields and demand for rented properties.

"Many buy to letters are now choosing to stay in for the long haul, viewing their investment as a more significant part of their pension plan," agreed Rics spokesman Jeremy Leaf.

"For the time being at least this looks set to continue, with public confidence in pensions at an all time low."

Many first time buyers are also opting to go down the buy to let route as an alternative way of getting on the property ladder and reducing the financial burden of owning a property.

To ask about the legal costs of house-buying or to ask a legal question specific to your own situation click here

Click here to see what properties are on the market in your area – whether you buy alone or with others

If you want to post your comments on today's news in the FirstRung Forum click here

2008: Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar