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Buy To Let Investment Beating Pension Investments

Buy To Let Investment Beating Pension Investments

Buy To Let More Popular Than Traditional Pension Saving

There has been a lot of editorial commentary in the media focusing on the surge in UK Buy To Let property investment over recent weeks.

There are numerous reports that the total value of properties owned by 2.5 Million buy-to-let investors is fast approaching the total amassed in workers’ pension schemes built up over decades of employment.

The Telegraph reckons that a total of £1.25 Trillion (GBP) has been invested in buy to let property and this figure is still increasing compared to £1.6 Trillion (GBP) that has been invested in pensions.

Changes to pension legislation announced by Chancellor George Osborne in the Spring 2014 budget, could see more money taken out of pensions and put into the UK’s Buy To Let (BTL) market.

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Green Deal Is A Joke

Green Deal Is A Joke

Bad Business Practices, Long Term Debts, Unqualified assessors – Green Deal getting bad press

The Government heralded the launch of the “Green Deal” in January this year as a groundbreaking flagship initiative that would help struggling families cut energy bills, however, it appears that the general public are 99.9% against the idea.

The intention of the Government was to encourage millions of UK home owners to take out “Green Deal” loans in order to pay for money saving improvements to properties, such as; loft insulation, double glazing, boilers and other energy efficient measures with the aim of cutting a typical family’s energy costs by as much as £50 a month.

The loan would be repaid over an agreed timescale of up to 25 years, but the debt is attached to the property rather than the current owner, which means the debt could be passed on to any new buyer. As a result, property vendors could face demands from prospective buyers to clear any outstanding debt, which could also see them facing a charge or early repayment penalty of up to £6,000 (GBP).

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Over 30% of UK adults expect to spend less in 2012 compared to just 20% in October 2011, suggesting that more British people have become even more pessimistic about their finances this year.

The survey carried out by Ipsos Mori on behalf, the Resolution Foundation, who are an independent research and policy think tank organisation which aims to improve outcomes for people on limited income suggests that people have become more pessimistic about their finances since autumn last year, when the Eurozone crisis worsened.

23% of respondents to the survey said they expect their financial situation to deteriorate over the next 12 months, compared with just 15% in October 2011, when the survey was last carried out.

The latest survey also found that more people are now saving, with 30% of respondents saying they were putting money away every month, compared with 22% in October 2011.

20% of respondents to the survey also said they would not be able to go away on holiday this year.

The Resolution Foundation’s Chief Executive, Gavin Kelly said: “The longer households cut back on spending, the longer it will be before we see real economic recovery.”

The survey is part of a wider report by the Resolution Foundation, called ‘Squeezed Britain’, highlighting the pressures on low and middle-income households.

Last week, housing charity Shelter warned that more than a third of people have cut back on their food bills in the last year, in order to pay their mortgage or rent, representing an increase of 44% since 2008.

Campbell Robb, chief executive of Shelter, said: “These staggering findings show just how many millions of people are cutting back on essentials as the continued squeeze on incomes starts to really bite.”

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