Nearly three quarters of BTL investors of retirement age rely on BTL income

slump in buy-to-let investment
Tax and regulatory changes have resulted in a slump in investment in the buy-to-let sector.

According to a survey carried out by Responsible Equity Release has found that 81% of landlords aged over 65 believed that their properties provided a vital boost to their retirement income, especially with low interest rates hammering retirees’ savings.  However, the buy-to-let tax changes coming into force have left many pensioner landlords considering whether it’s worth holding onto their buy-to-lets at all. Four out of ten (41%) said although their buy-to-let property was a valuable income generator, they are now thinking seriously about selling it.

Read the full story on Property Reporter

RentPro cloud based rental property management software for letting agents and landlords.

You may also like...