Warning over Trusts and Landlord Mortgages

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 17 October 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Top lawyers have told Money Box that people across the UK are being misled into paying thousands of pounds for products which they are told will protect the value of their home from inheritance tax or being taken to pay for care home fees. In reality, they say, these schemes do not work and may trigger legal complications and huge financial costs in the future. Usually the products involve setting up some sort of 'trust' but they are often sold by people who are not lawyers and are not regulated. The Association of Lifetime Lawyers, asked over a hundred its own members and found 95% of those lawyers surveyed said they had seen such products being missold and more than 4 in 5 said they had clients who had been misled.

Buy-to-let mortgage rates have dipped to their lowest level in almost three years and there is more choice of mortgage products for buy to let landlords than ever before. The data, which comes from Money Facts, might be good news for any landlords coming to the end of a 2 year fix when rates were higher, but not for those who fixed 5 years ago when rates were much lower. What does it mean for the market?

The state pension looks set to increase by more than inflation in April - that would mean an extra £500 a year for many. And why are house prices rising faster in Northern Ireland than in the rest of the UK?

Presenter: Paul Lewis Reporters: Dan Whitworth and Eimear Devlin Researcher: Jo Krasner Editor: Jess Quayle Senior News Editor: Sara Wadeson

(First broadcast 12pm Saturday 20th September 2025)

Transcript

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0:00.0	BBC Sounds, music, radio, podcasts.
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0:20.2	It's right foot goes for goal.
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0:27.7	The stat that is astonishing is they ended with the lowest amount of possession.
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0:35.8	Listen on BBC Sounds.
0:39.1	Sort of expecting that every week now. Hello, welcome to this Moneybox podcast. Interest rates on buy-to-let mortgages
0:45.5	fall to their lowest level in almost three years. What does that mean for landlords?
0:50.2	The state pension looks at to increase in April by more than inflation. That would mean an extra
0:55.2	£500 a year for many. And why are house prices rising faster in Northern Ireland than in the
1:01.1	rest of the UK? But first, top lawyers have told Moneybox that people across the UK are being
1:07.3	misled into paying thousands of pounds for products which they're told will protect the value of their home from inheritance tax or being taken to pay for care home fees.
1:18.0	In reality, they say these schemes do not work and may trigger legal complications and huge financial costs in the future.
1:25.7	Usually the products involve setting up some sort of trust,
	...

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