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TODAY'S OTHER NEWS

Buy-to-let continues to offer ‘long-term benefits’ for investors

Buy-to-let investment in the long-term is still likely to beat savings rates by a significant margin over the coming years, despite recent regulatory and taxation changes, which largely explains why fresh analysis shows that almost half of all buy-to-let landlords are using their property investment as a ‘pension pot’.

According to the latest annual landlord survey from Your Move, almost a quarter - 23% - of pension pot landlords have been investing in the buy-to-let sector for over 15 years.

The estate agency network, which surveyed 1,071 buy-to-let landlords to learn more about their portfolios, behaviours and attitudes towards the rental market, defines a ‘pension pot’ landlord as being over the age of 45 with a portfolio as a long-term retirement investment.

The study also found that 29% are ‘accidental’ landlords, while 20% described themselves as ‘professional’ landlords.

The findings also reveal that accidental landlords are most likely to be female and under the age of 45, often thrust into the market through inheritance or other changes in their personal circumstances.

Professional landlords tend to be male, over 45-years-old, and consider being a landlord as a job or career.

The survey also showed pension pot landlords are more likely to live close to their rental properties than either accidental or professional landlords, with 41% living within one to five miles of the property.

Some 29% of pension pot landlords see their properties as a business, with 53% investing in more than one property.

Your Move found these landlords are more likely than the other groups to build a personal rapport with tenants and want tenants who will protect their investment.

Martyn Alderton, national lettings director at Your Move, said: “Our research suggests that the private rental sector is still seen to offer significant opportunities, providing many landlords with a source of income and funding into retirement.

“It’s also clear that pension pot landlords are keen to build a personal rapport with tenants who will look after their investment.

“As an industry, it’s increasingly important that we continue to support these ties, providing long-term benefits to tenants looking for a property to call their home and also for landlords looking for ways to fund their retirement.”

Poll: Buy-to-let has taken a bit of a bashing in recent years, but do you agree that it's still possible to make a decent return?

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