One of a broker’s main raisons d’etre is to help people invest their money by buying property. But where would advisers put their own cash?Mortgage Strategy examines this question in this week’s cover feature starting on page 44 in which we provided some of the industry’s big hitters with a – sadly imaginary – 100,000 cheque to invest in bricks and mortar. When considering the buy-to-let option, unsurprisingly some reassuringly familiar themes emerged including buying in an area with which you are familiar and choosing popular rental property types such as two-bedroom flats. Five industry experts gave their views on where and how they would invest the cash in the property market. Most preferred to stay close to home so they could keep an eye on their investments – though the issue of diversification and spreading investment risk was also raised. The timing of investments was also considered, with one pundit suggesting Coventry and Blackpool as the next hotspots for investors. At first glance, these seem unlikely buy-to-let areas but closer examination reveals that millions are being invested in Coventry to expand its city centre and there is the potential for a new casino complex in Blackpool. These are places that should not be overlooked. The 2012 Olympics will have a major effect on east London, making it a viable venue for investment. It’s only a three-week event but a great deal of development will occur. And with pundits suggesting there could be a dip in property prices while the construction takes place, this could be a good time to invest as prices are expected to climb considerably as the marathon project nears completion. It’s also reassuring to hear that those questioned believed in investing their 100,000 over a minimum 10-year period. And if all else fails, there’s always the option of investing some of the cash on your own home to boost its value – in particular an Olympic-sized hot tub attachment, according to one pundit.
Intelligent Finance will be revising its fixed rate mortgage products from Sunday. The changes will see the withdrawal of the five-year fixed rate product, repriced two-year fixed rate products and the introduction of three year fixed rate products.The new non-offset fixed rate range includes two products, the two year fixed 80 with 4.59% until February […]
Royal London, the leading mutual life and pension company, has appointed Trevor Bish-Jones, chief executive of Woolworths Group, to its board as a non-executive director.Bish-Jones was appointed chief executive of Woolworths Group in March 2002 having held various senior positions at Dixons Group between 1994 and 2001, latterly as managing director of Currys. Prior to […]
Pink Home Loans held an Insurance Suppliers forum last Thursday to review the market changes since I Day.It is evident within the marketplace that the main focus has been towards mortgages following M Day, so I Day activity may not have had the profile it should have received. Pink sees insurance as a crucial part […]
Specialist lender Money Partners has announced it has been admitted as a full member of the Council of Mortgage Lenders and the Intermediary Mortgage Lenders Association.Money Partners was previously an associate member of the CML. Colin Sanders, chief executive officer of Money Partners, says: “As we approach the first anniversary of our launch, Im delighted […]
Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.
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