Paul Munn: Residential property funds can pick up buy-to-let baton

Buy-to-let was once a golden egg for investors. Properties could be bought with relatively small deposits, tenants covered mortgage payments and other costs and, 20 or so years later, the investor owned a mortgage-free property and was sitting on a significant capital gain. Simple. In reality, a mortgage-free property may not always have been the end result, but only because interest-only-mortgages have been far and away the most popular option for buy-to-let investors. The attractions of buying this way were greater for most people. Since mortgage interest payments could be offset ag...