Millions of millennials are likely to have their fortunes transformed during the next 30 years as they inherit £1.2 trillion from their parents — an average of more than £230,000 each.
Our adviser Joe Roxborough talks to David Byers at The Times to give his expert advice. He thinks buying property can be a good choice but not to build an empire. He believes that being a landlord isn’t as attractive as it was, given the withdrawal of tax incentives, and more clampdowns are expected. You may make money, but it won’t be easy.
"Owning multiple properties is not to be undertaken lightly. This is a desire we hear frequently from people who have inherited money, and we try to dampen enthusiasm."
Read the full article on The Times website.