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Post office reveals FTB
payment concerns
Nearly half of first-time-buyers (FTBs) are financially overstretched, according to the Post Office Financial Services.
48 per cent of FTBs would only be able to meet their mortgage repayments for six months if they lost their regular income tomorrow, the research stated. It also revealed many FTBs were skimping on protection, with 45 per cent having no form of insurance protection against loss of income, from accident, sickness or unemployment (ASU).
BTL opportunities
‘overlooked’
British investors have overlooked local overseas buy-to-let (BTL) opportunities, according to Assetz.
Stuart Law, managing director of Assetz, commented: “Amateur investors are driven by the desire to holiday in their overseas property once or twice a year. However, with the time taken to manage bookings, arranging changeover and cleans between holiday lets, it would make sense to consider separating the investment from any intentions for personal use.”
