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Pension freedoms drive buy-to-let

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  • With the recent pension reforms fueling a boom in buy-to-let property, John Elliott, Managing Director of Millwood Designer Homes says this type of investment is a sound choice for retirees.

    The new legislation introduced in April gives pensioners total freedom over their pensions, enabling them to invest this money as they choose.

    A growing number of retirees are taking a lump sum from their pension pot to purchase property, taking advantage of the current low mortgage rates and the rising number of buy-to-let mortgages available to first time landlords.

    With savings rates so poor, investing in property is an attractive proposition for a generation which has done well out of property in the past 30 years, and want to enjoy their retirement with an income to fund it.

    They benefit not only from the rental income but also from capital growth in the property, giving them an asset to pass on to their children, unlike investments in traditional annuities.

    The huge demand for good rental properties means that rental income is dependable and yields strong. In response to this, we are expanding the type of developments we build and introducing more properties to suit buy-to-let investors.

    The Vale in Southfleet, Kent, where prices start from £395,000, is an ideal proposition for retirees looking to venture into property investment,.

    Located in an area with a known demand for new homes, this high quality scheme offers a mix of terraced, semi-detached and detached houses in an attractive village setting, with a good primary school and a friendly community.

    Situated three miles from Gravesend but just a 10-minute drive from Ebbsfleet International station, from where the journey time to Stratford is 12 minutes and 18 minutes to St Pancras, The Vale is ideal for commuters.

    To find out more visit: https://www.millwooddesignerhomes.co.uk/southfleet-kent or contact our sales team on Tel: 01474 230160 Email: thevale@mdh.uk.com

    

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