BTL sector booming with over 50's

BTL sector booming with over 50's

According to a recent report, 'Silver landlords' investing in buy-to-let property to boost their pension income have grown in popularity.

The research shows that one in ten over 55s owns a buy-to-let and that the average property, owned by the over 50s, now brings in a profit of nearly £700 a month.

The research also reveals that a third of buy-to-let owners aged over 50 became landlords within the last five years.  Nearly half of those surveyed had purchased property for the purpose of renting it out. One in seven inherited it, and one in 14 had purchased a property for a younger family member – a child or grandchild – to live in.

Many over 55s can become landlords and generate more income, through rental payments,  averaging £806 per month across England.  According to Armistead Property, investing in property for family members, or buy-to-let, can bring great returns in terms of capital growth and rental income.  

Peter Armistead of Armistead Property comments: “Property can be a wise investment for the over 50s.  The buy-to-let market conditions are very good at the moment with rising rents, a shortage of properties and increased tenant demand.  Add to this capital asset growth as property prices continue to soar in many parts of the UK, it easy to see why buy-to-let is so attractive.


Manchester, where I have successfully invested in BTL property, is a great place for investors because of the excellent return on investment.  An average residential property in the City is just £155,000, while a flat in a good area, costs as little as £120,000.  It’s not surprising that many investors, especially from the South, are targeting Manchester and are reaping the rewards.  

A property in Manchester can provide a 5% minimum cash rental yield and a typical 12% total cash yield, including 7% capital appreciation. Demand for rental accommodation is strong and by comparison with other regions and housing is cheaper.

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Spencer Fortag
Spencer Fortag 25 Aug 2016

The funny thing is, I mentioned the brick issue in my blog back in April: http://medwayproperty.blogspot.co.uk/2016/04/the-medway-property-market-and-lack-of.html

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SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

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jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

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jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

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TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

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madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

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madisonwelch80
madisonwelch80 02 Aug 2016

?66,963 is a serious price drop However buying a property it a serious investment only small percentage of the UK population could afford.

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madisonwelch80
madisonwelch80 02 Aug 2016

Wow, it kind of surprised me. I mean counting on mom and dad's bank even after retirement is too much. That's the moment in life when one should have ensured themselves. I am shocked.

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AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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