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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brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

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IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

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IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

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cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

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Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

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Bertrand
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

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AmberMorris
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

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