Landlords see property as a pension

By the Beresfords Marketing Team - 9th April 2012

Landlords regard their property portfolio as an important part of their post-retirement income, as their confidence in traditional mainstream investments falls.

A survey by the National Landlords Association (NLA) has found 81% of landlords expect to rely on their portfolio to help them financially after they stop working. The news comes after the number of savers contributing to pensions dropped by 8% in the last 10 years – from 46% to 38% of all employees.

Steven Bond, Managing Director of Beresfords Investment Division, comments:

At Beresfords we have seen a noticeable increase in the number of enquiries received from potential buy to let investors. Many have become disillusioned with the poor returns offered by more traditional investment routes, such as building society accounts, shares and fixed rate bonds. Additionally, recent media speculation concerning the long-term viability of pensions is also a contributing factor to the resurgence within the buy to let sector.

Although seasoned investors account for a fair percentage of all new enquiries, we are now being approached by increasing numbers of people who have never been landlords before. They are attracted to this type of investment for a number of reasons. It is flexible, they have complete control over their asset and there is still the prospect of long-term capital growth.