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Silver Boom-Time for Buy-to-Let

Tuesday, 24th March, 2015

Fears are growing that a boom and bust in the buy-to-let market could be on the way as new research shows 80,000 retirees each year will become landlords following pension reforms in April.

From April retirees will not be required to buy an annuity, instead they can take their pension as a lump sum which they may invest or spend as they see fit.

New research from NeglectAssist has found that 26% of people close to retirement believe that their best investment strategy is to become a landlord. This is the second most popular option, behind 30% who see an ISA as their best investment.

Managing Partner at NeglectAssist, Tim Wixted, author of the new report, Pensions reform: a misselling disaster in the making? said, "If the pension reform unleashes this pent-up appetite for being a buy-to-let landlord, we will likely see a boom and ultimately burst.

"With over 80,000 new retirees each year, many inexperienced landlords will now encounter low returns and unexpected problems. Many will make losses that they won't be able to recoup, causing long-term damage to their retirement income."


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