Buy-To_let Landlords in for the Long Term

New research from Precise Mortgages has found that buy-to-let landlords are committed to the sector and their portfolio.

A survey by the lender found that more than a third (35%) of landlords stated that becoming a landlord was part of a long-term investment decision.

This longer term view was reinforced by more than a quarter (27%) of respondents planning to keep their portfolio beyond retirement, with one in five (18%) holding on to it until retirement.

The survey also showed a high level of commitment to the portfolio and developing it over several years. Many landlords aimed to increase the number of properties held by one to two per year (18%) and a small group aim to increase the number by more than five per year (7%).

Precise Mortgages says that buy-to-let is a key element of personal financial and retirement planning. It claims the trend looks set to continue in the light of announcements in the Budget back in March which will revolutionise the pensions sector and has fuelled speculation that access to greater lump sums at retirement could give rise to a new generation of “silver landlords”.