Rise in “Silver Landlords”

It is expected that the financial freedoms afforded by the Government’s pension reforms which come into force on 6th April will result in pensioners snapping up properties for buy to let purposes. A survey by Sequre Property showed that 54% of over 55’s planned to reinvest their monies in an investment property. Graham Davidson, MD of Sequre, said “the changes to pensions will no doubt make a huge impact on the buy to let sector. Come April, individuals will have the freedom to take control of their pension funds instead of being forced to buy an annuity to secure an income during retirement. For many, buy to let property is being considered as a way of securing future income. Bricks and mortar is often reported as one of the safest options for investment and buy to let property has outperformed all other asset classes for the past eighteen years.”

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