Buy to Let Market set to get a boost from Pension Fund changes
New research into the saving and investment habits of retirees has revealed that over half of those asked would consider venturing into the buy-to-let market to fund their retirement.
According to research conducted for specialist mortgage lender Kensington, more than one in five savers (21%) regret or are unsure about saving into pensions to fund retirement despite the launch of new pension freedoms,
The research among over-40s found strong support for saving into pension with 78% of retirement savers happy they have taken out pensions – but there is widespread disillusion with 15% of savers regretting their pension investments and 6% unsure.
However the research revealed growing interest in alternatives to pensions such as buy-to-let that increased flexibility on retirement savings are making potentially more attractive.
Around 53% of retirement savers say they would consider investing or are already investing in buy-to-let to increase their income in retirement. Nearly one in 12 (8%) of over-40s say they are already investing in buy-to-let while another 45% say they would consider it.
However over 55s are slightly less likely to consider investing in buy-to-let – around 48% would do so with 8% saying they are already landlords.