Buyer Beware Letting Pitfalls ; Britain Is Hailed As the Great Property Owning Democracy of Europe and, with the Stock Market Struggling to Recover and Major Concerns About Pensions, Many People in the Midlands Are 'Investing in Bricks and Mortar' to Secure Their Future. But Property Lawyer Victoria Grundon, From Young & Lee, Counsels Caution

Birmingham Post › August 24, 2006

Linked as:

Summary

Property owners in this country are in the majority whereas in Europe many more people from all levels of society rent their homes.

In recent times there has been a growing trend in the UK for people to look to bricks and mortar to secure their futures as an alternative to more traditional investment and at Young & Lee we are seeing the backwash and it's not all good news.

See the full content of this document

Extract

Buyer Beware Letting Pitfalls ; Britain Is Hailed As the Great Property Owning Democracy of Europe and, with the Stock Market Struggling to Recover and Major Concerns About Pensions, Many People in the Midlands Are 'Investing in Bricks and Mortar' to Secure Their Future. But Property Lawyer Victoria Grundon, From Young & Lee, Counsels Caution

Mass property ownership is relatively new. Before the end of the Second World War most people, including professional people, rented either from a private landlord or the local council.

Home ownership accelerated steadily in the 1950s, 60s...

See the full content of this document