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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Jimmy_McCoy
Jimmy_McCoy 16 Sep 2016

I think that the main reason to buy garden purchases in last minute is because people always search for the best deal. In summer months there are abundance of seasonal goods and it means more low cost

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Jimmy_McCoy
Jimmy_McCoy 16 Sep 2016

Buying a home often is more expensive than you expect. There are lots of hidden costs such as: stamp duty, surveys and valuations, mortgages etc. that can add more than 10% to the total bill

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Homebuyerconveyancing
Homebuyerconveyancing 15 Sep 2016

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oliviaG 12 Sep 2016

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oliviaG
oliviaG 29 Aug 2016

So true about cats!

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Jason Roberts
Jason Roberts 25 Aug 2016

Any predictions what average rent will be at the same time next year, anymore drops coming?

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dylanvan
dylanvan 19 Aug 2016

very good, thanks for sharing

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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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