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Buy to Let Investors Having a Ball

Thu, 26 Jan 2006
Buy-to-let investors use the extra income to live the life fantastic, new research show.

Standard Life Bank highlights the fact that 17% of buy to let landlords spend money gained from their properties for travel, 10% curtial time at the office and resort to working part-time, with a further 10% retraining or establishing their own business .

The nations buy to let landlords use the extra income to support their new lifestyle and they also use it to improve their own homes.

A quarter of buy-to-let investors spend used their rental income in order to renovate the family home.

The survey showed that 25% of all respondents earning £200 more than the mortgage commitments they have monthly, 27% earning upto £500 more, and 13% earn up to £1,000 more on a monthly basis.

Over half of buy to let investors initially became landlords to invest in a better future and have crystallised their realisation that of the income that renting out can deliver.
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