A report from The National Landlords Association (NLA) shows that the majority of landlords don’t plan to take advantage of pension freedoms to invest in property.
The research revealed that, of those with a pension in place, just 5% are planning on withdrawing a lump sum to invest or expand their portfolio.
14% of landlords said they would consider using a lump sum to invest in further properties, while 11% said they didn’t have enough of a pension to withdraw a lump sum at all. 7% of landlords said they already had other plans for withdrawing a lump sum and 19% were undecided.
The research from the NLA, which asked landlords about their plans at retirement, also found that:
• Three per cent plan to sell up completely
• One in ten (19%) have no retirement provisions in place
• A quarter (25%) plan to sell at least some properties
• Six in ten (61%) plan to live off portfolio income at retirement
• A third (34%) are undecided and will assess the market when they reach retirement age.