More and more people are using rental income from buy-to-let properties to fund a flexible lifestyle, according to research from Standard Life Bank.
A survey of 503 landlords, carried out by YouGov on behalf of the bank, revealed 17% of those questioned used the money received in rent to go travelling, while a further 10% used the extra cash to retrain or set up their own business. The research also shows a quarter of the landlords who took part in the survey are earning an extra £200 more than their mortgage, 27% are earning between £200 and £500 extra a month, while 13% of respondents receive up to an additional £1000. But, Standard Life Bank points out the idea of Buy-to-Let-to-Lifestyle, doesn’t just cover big life changes, as a...
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