Private landlords using properties for pensions
Private landlords across the UK are looking to use their properties for their pensions, according to new research.
The BDRC Continental’s independent Landlords’ Panel revealed that 81 per cent of those leasing property are looking to live off these assets once they choose to retire and regard them as an integral part of their pension.
Landlords surveyed in the report highlighted a number of ways in which they wanted to maximise their property portfolio in retirement with 61 per cent stating that they plan to live off the rental income.
Some (20 per cent) said they were considering selling some of their assets to generate funds while five per cent plan to offload their entire portfolio.
Mark Long, director at BDRC Continental, said “Landlords consistently tell us that they see their property portfolio as forming a critical part of their pension provision for the future. On average, landlords intend to remain active in the rental sector for another 15 years or so.”
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