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The Rise Of "Buy To Let" Pensioners

With the recent unlocking of rules on how people can access their savings in retirement, could a ...

With the recent unlocking of rules on how people can access their savings in retirement, could a new breed of ‘buy-to-let pensioners’ be ready to enter the Aldershot property market?

We advise you to be vigilant following the Chancellor’s Budget announcement that savers will be allowed to withdraw their entire pension fund from the age of 55 or over, rather than take the money slowly as an annual income.

Recent surveys report that buy-to-let has outperformed other mainstream investments, so it could be an attractive option for those wanting to safeguard their capital and maximise income during retirement. Yet, whilst this may be the case, we believe that anyone considering their first move into the sector should take professional advice.

Buy-to-let continues to offer great opportunities, but potential investors must have a clear strategy, and it should never be considered as a ‘get rich quick’ scheme.

Over a third of Britain’s 1.4 million private landlords already view their portfolio as the main component within their pension plan. The relative ‘safety’ of bricks and mortar, coupled with regular rental returns as income, make it an attractive investment choice.

The Chancellor’s recent pension reforms have ignited a great deal of interest in buy-to-let as a viable and attractive alternative to more traditional pension plans. Market demand for quality, well-maintained, private rental property remains high.

It is important for first time investors to buy property at the right price, in the right location and to identify the type of accommodation that people will want to rent from them both now and in the future. With our local knowledge we can look in detail at potential property ‘yields’ – taking into account outgoings such as maintenance costs – and provide novice investors with a realistic expectation on returns.

If you would like our opinion on what to buy or talk letting property in general, feel free to pop into our office on Victoria Road Aldershot.

We don’t sell houses but we can help you find a good buy-to-let property.

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