Investor Views: “I’ve Cashed in my China Fund for Buy-to-Let”

ISA investor Steve Cherrett tells Morningstar why he’s ploughing the money he’s made through his tax-efficient investments into the buy-to-let market

Emma Simon 2 September, 2015 | 11:25AM
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Steve Cherrett describes himself as an ‘accidental landlord’. He was unable to sell his flat as a result of property prices stalling in 2008, so decided to let it instead. 

Thanks to the prolonged low interest rate environment Cherrett says he has made a reasonable return on his property investment. So much so, that last month he decided to cash in his ISA holdings to fund a deposit on a second flat in the Teeside area, close to where he lives.

“I see both these flats as being long term investments that will hopefully help out my kids,” he said. “Property prices have not been buoyant in this area, but over 15 years or so I would hope to pay off the mortgage and own these assets outright. Hopefully the rent will cover the mortgage interest and give me a small return on top.” 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Invesco UK Equity Inc UK Inc1,258.16 GBP-0.90Rating
Janus Henderson China Opps A Acc1,534.00 GBP0.13Rating
Rockhopper Exploration PLC4.73 GBP0.00

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for