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Rent prices have increased to record highs, but what does it mean for landlords who are banking on that income for retirement?
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Published on 31 October 2023
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
Rents have risen to record highs. They’ve increased by 10% over the past year to an average of £1,278 a month outside London.
Add to that the increasing demand for rental properties and it paints a rosy picture for the landlords who own the estimated 4.6 million rented homes in the UK.
However, on the other side of the coin, the total amount of interest being paid on mortgages each year by buy-to-let investors has increased by 40% over the past 12 months. And the rise succeeds a decade of tax and regulatory changes that have squeezed landlords.
While pensions are the most popular choice when it comes to funding retirement, over half of people see property playing a part in funding later life.
If you’re a landlord looking to fund your retirement through rental income, here’s what you need to consider.
While this might be most relevant
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