Despite George Osborne’s budget crackdown,there’s a growing breed of ‘amateur’ investors using buy-to-let for many different reasonsAt the age of 25 Shivi Hotwani still lives at domestic with his parents in north-west London. After years of saving he recently got a foothold on the property ladder. But his £160000 two-bed flat is not in the capital, where he works as a conference manager, and he doesn’t get to live in it.“I wanted to buy a flat in London as I possess lived here my whole life but,even with my parents help, I just can’t afford to, and ” he says. Related: Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits I'd like to buy to live,but I feel no one is helping me achieve that – so I’m doing what I need to get on the ladderContinue reading...
Source: theguardian.com