London buy-to-let offers retirement income potential

With far-reaching reforms to the pensions system coming into force in just a few short months following changes announced in the Budget earlier this year, attention has turned to what alternatives there are for those approaching retirement and considering options other than a traditional annuity.

For some, a London buy-to-let property could be an appealing choice, with a combination of income and capital growth that can be difficult to find elsewhere.

Stephen Ludlow, Chairman of ludlowthompson, says that for over-55s looking to make their retirement funds work harder, rental property in London is an option well worth considering.

“There’s certainly a case to be made for buy-to-let property as an excellent retirement investment for over-55s with the kind of pension pot that allows them to diversify,” says Stephen.

“There is potential for significant income if the right property is managed in the right way, and an opportunity for retirees to pass on an appreciating asset to their loved ones.”

Stephen Ludlow adds that for more mature residential property investors, the services of a property manager are likely to be particularly valuable.

“Managing a buy-to-let property can involve quite a lot of work,” says Stephen. “An experienced property management business will take be able to take the strain out of property ownership for retired investors who might not want to deal with day-to-day upkeep.”