Homes used as ‘cash machines’ according to Dan Hyde in the Telegraph

Retired home owners are borrowing a record £1.4 million a day against their properties as a savings crisis leaves many with too little to fund their retirement. Tens of thousands have resorted to using their homes as “cash machines” experts said, as they struggle to fund retirement plans and pay care bills in old age. Those in their sixties and …

Buy-to-let growth sees ‘one in five’ British homes owned by a private landlord reports Richard Dyson in the Telegraph

Private landlords now own almost one out of five homes in Britain and they will buy a further million in the next five years, according to research highlighting the growth of buy-to-let. Two million private landlords now own and rent out five million properties, according to the report by Paragon, a mortgage lender.  This means 18 per cent of households …