Alliance & Leicester Mortgages: Buy-to-let is long-term investment
www.moneynews.co.uk > Housing market > Alliance & Leicester Mortgages: Buy-to-let is long-term investment
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Money News |
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Alliance & Leicester Mortgages: Buy-to-let is long-term investment
Mon 14th Jan 2008
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Some 57 per cent of those responding to Alliance & Leicester Mortgages said that they have invested in property in order to accumulate assets for the future, the figures reveal.
And 87 per cent of respondents said that being a landlord was profitable, while 64 per cent said they plan to continue in that role for some years.
Stephen Leonard, director of mortgages at Alliance & Leicester, said that it was "encouraging" to read that landlords see their investment as a long-term project.
"Whether it is to provide a pension for retirement, or a monthly income, landlords' ambitions suggest buy-to-let will remain an important part of the overall UK housing market," he added.
Alliance & Leicester recently commented on January's base rate decision, saying that the choice to hold rates at 5.5 per cent was expected.
Related News : Housing market |
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Related News : Alliance & Leicester |
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