Getting a mortgage 'is a good investment'

16 September 2009

Written by Gavin Elley

Whether it is buy to let investment or homes to live in that consumers are after, it would seem that people in the UK see property as an ideal way of making money.

Recent research from Scottish Widows revealed that 45 per cent of UK citizens think that buying bricks and mortar provides better returns than other savings and investment vehicles.

Some 48 per cent of those surveyed indicated that property makes for a good investment and that it can withstand an economic downturn.

This figure was considerably higher than the 28 per cent who expressed a similar sentiment last year.

Bloomsbury Financial Planning partner Jason Butler responded by warning people not to "back one horse" with their investments, saying that the price of a home can rise significantly or "drop like a stone" depending on lending criteria.

However, he remarked: "If people feel comfortable with [property] and they can rationalise it then they will have a propensity to want to invest in that over and above other investments."

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