We are currently in a house we love, as our family home. We'll stay here for a long time, while our DC go through schooling.
My DH who is by far the main earner in our household, has no pension provisions (I know I know!!). We are starting to worry about this and feel that we need to be proactive in sorting something. After hearing so many horror stories about traditional pensions, we are thinking of a buy-to-let property. We don't need a monthly profit from it (though it would be an added bonus!) but we are thinking more of a long term investment.
However, we are a bit scared to make a decision with the economic climate as it is. We are scared that we will put a lot of savings and earnings into this, then may get into financial difficulty as a result, and will be in a mess.
But we are also reluctant to just wait around deliberating forever as we need an investment to start building up a pension pot for us, and obviously the sooner we do this, the more lucrative it will be.
So I suppose I am asking have any of you done this? Did it feel like a leap of faith, and did it work out ok?
Any advice for me?
Thanks.
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Should we take the leap to buy-to-let?
18 replies
AlwaysOneMissing · 28/11/2012 10:55
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