Paul Green comments on increase in over 50s taking out buy to let mortgagesWednesday 25 June 2014
Commenting on the news that there has been a significant increase in the number of over 50s taking out buy to let mortgages, Paul Green, director of communications, Saga Group, commented:
Paul Green comments on increase in over 50s taking out buy to let mortgages
“A little over one in ten non retired over 50s say they are more likely to invest in property as part of their retirement portfolio once the new pension rules come into effect. Our survey of over 10,600 over 50s shows that one in ten are currently landlords, but it looks as though this could be set to grow in the future. People need to bear in mind the time they need to devote to being a landlord as well as the funds they plan to invest and the cost of repairs etc. being a landlord is not a 9-5 occupation when you have tenants to look after.”
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