This year's pension regulation changes could lead to a lettings investment boom with 32 per cent of people aged 45 to 64 with a pension considering using it for a buy to let property.
Research by Direct Line for Business claims that from April, people approaching retirement and pensioners will be able to access as much or as little as they want from their pension pots.
The research shows that 43 per cent of people in that category would consider buy to let on the basis that it produces regular income while another 23 per cent are attracted by the perceived security of the investment.
Some 17 per cent say they are attracted by the expected capital appreciation while nine per cent favour it because they would like to invest in something that will allow them to leave an inheritance to their children.
For some it could be good to diversify their investments when approaching retirement, but landlords need to seek financial/expert advice and ensure they understand the returns that property can deliver and especially the tax implications says a Direct Line for Business spokeswoman.
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