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Andrew Luxton, Partner in charge of Stags residential Lettings Department feels that recent changes to pension rules could lead to a significant increase in the number of retiree landlords investing in the private rented sector.
As of April 6th it is possible for people aged over 55 to access as much of their savings from their defined pension contributions as they wish. This means many can now take a lump sum payment with estimates that 1 in 10 are intending to cash in their entire pension pot with close to 20% planning on investing the cash into property. As a result the UK’s Buy to Let sector looks certain to be one of the beneficiaries.
At Stags, on a daily basis we are advising landlords considering a “Buy To Let” investment for the first time with over half of Stags 3,000 property portfolio being investment properties. It is essential landlords receive this advice early, and from an agent who can provide impartial advice as they are not involved in the sale of that property. Following on from recent successful “Buy To Let” seminars Stags will be holding more throughout the region in response to this demand.
The Stags “Buy To Let Guide” is available free of charge from any letting office or downloaded here>
For free no obligation Buy To Let advice and to ensure that you are purchasing the right property in the right location contact your local Stags office.