More landlords relying on property for their pensions
Property is increasingly being viewed by landlords as their pension pot.
According to a new survey by BM Solutions and BDRC Continental, 80% of landlords view their property as a supplementary income to their pension, with six out of ten of these landlords actively planning to live off the rental income.
Very few portfolio landlords are planning to sell all their properties when they retire.
Of the 38% of landlords who have looked at other sources of income in retirement, such as fund investment, one third said they chose property because they believe there will be better returns from buy-to-let.
Nearly 470 landlords were interviewed for the survey in the last two weeks in September.