Retirement Through Property

Everything you need to know about retiring through property and pensions – from the state of the market to how you can start building for your retirement today.

Is Property Good for Retirement?

Yes, we believe with the right strategy it’s certainly possible to retire through Buy-to-Let property investment. Depending on a number of factors such as:

  • The size of your portfolio
  • Gross rental income
  • Level of retirement lifestyle

Before making any investment, you need to explore the different strategies and tactics on how you can create a comfortable retirement or even early retirement through Buy-to-Let property investment.

 

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Investing for retirement – A real story

We asked expert property investor Andy Foote and Director at SevenCapital about his journey in property investment including his initial influence, the obstacles he has overcome and the tips he would give to any property investor.

Learn directly from a real-life success story for how to pave the way for a successful retirement through property.

Is Now a Good Time to Invest in UK Property?

Regional cities continue to dominate growth, using the momentum of redevelopment and housing undersupply to push prices further upwards. Borrowing costs remain at a record low and a relatively stable labour market is also helping to combat the impact of uncertainty.

With many forecasts also pointing at marginal rises within the London market, the so-called ‘Boris Bounce’ could mean light at the end of the tunnel for the capital, which finally seems to be recovering from its biggest decline since 2009.

Another major question is, does this increase represent a short-term positive bounce or the beginning of a new property cycle? And what does this mean in terms of the overall UK property market forecast for 2020?

 

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Investments you may be interested in...

Crossrails Premier Development

The Metalworks
Slough
2 Bedroom Apartments, 3 Bedroom Apartments, Off-Plan

Prices From

£299,950

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FINAL 2 BEDS REMAINING

105 Broad Street
Birmingham City Centre
2 Bedroom Apartments, Fully Tenanted, New Build

Prices From

£249,950

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ONLY 2 BEDS REMAINING

Steel House
Slough
1 & 2 Bedroom Apartments, Off-Plan

Prices From

£299,950

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ONLY 1 UNIT REMAINING

St Martin’s Place
Birmingham City Centre
3 Bedroom Apartments

Prices From

£549,950

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Frequently asked questions with retirement, pensions and property

Can I get a Buy-to-Let Mortgage when I’m retired? Plus Icon

As BTL mortgage payments are usually covered by the rental income rather than a work income or pension it is possible to get a mortgage in retirement. Lenders will certainly vary. For example, will not allow a mortgage to run past 70. A 60-year old, however, could still take out a 10-year mortgage and clear the debt by selling the property.

Can I use my pension to buy property? Plus Icon

Withdrawing from a pension to pay for a Buy-to-Let property is an idea on the rise with data showing that nearly £2.4 billion has been cashed out by savers. Usually at the end of most pensions there is a lump sum payout. With these funds, you’re able to spend or invest as you please.

A poll by YouGov discovered that 30% of respondents aged between 45 and 54 said they were considering accessing retirement funds to purchase a Buy-to-Let property.

What is the average retirement income in the UK? Plus Icon

Minimum: Individual needs an annual income of £10,200. A couple needs £15,700.
Moderate: Individual needs an annual income of £20,200. A couple needs £30,000.
Comfortable: Individual needs an annual income of £33,000. A couple needs £47,500