The Property Ombudsman

Buy to let still remains best choice for retirement

More Investors are looking for clever ways to subsidize their retirements

Reports this week have shown that almost 80% of people said they would still consider investing in property as a way to supplement their retirement savings.

Nottingham Building Society conducted the survey which asked whether buy to let landlords would still consider expanding their portfolio in spite of the stamp duty changes. An overwhelming amount of those questioned claimed it wouldn’t make a difference to their future property investment plans, with just 14% of landlords claiming they would potentially stop expanding their portfolio.

Faith in the market has been further boosted, as 85% of estate agents in the UK claimed to have experienced a higher-than-average number of enquiries from buy to let investors looking for rental properties. Per branch, a median number of 463 new property hunters were registered, the highest level in 12 years.

What does Sequre say?

Graham Davidson, managing director of Sequre Property Investment, discusses the future potential of buy to let –

“Now the stamp duty changes have officially been put into place, the team at Sequre are still seeing record numbers of enquiries coming through each day. This demonstrates that individuals still very much consider buy to let as a viable option for investment. When compared to pensions, annuities and even ISAs, there is no question that buy to let provides the best returns and any initial upfront costs are recovered in just the first few months of rental income in most cases.”

“For those landlords who are still seeking to limit their upfront costs when purchasing buy to let, we would always recommend investing in properties in the north. Not only will London and its surrounding areas be affected most by the stamp duty increase due to the rocketing house prices, the north offers a much better investment opportunity and is generally the go-to place for buy to let. Only recently it has been confirmed that the most affordable property hotspots are all based in the north, even offering higher rental yields. Extra tax restrictions are just a small part of a much wider investment.”

Buy to let is still known as the UK's best performing asset class. If you’d like to find out more about investing in property as a means for retirement, contact Sequre today. Our team of professionals can help provide answers for any questions you have about the buy to let market and we have a range of discounted properties available that offer instant equity from day one. Whether you’re a first time investor, or are looking to expand an existing portfolio, call us on 0800 011 2277. 

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