Boost for buy-to-let option for retirees.
New figures confirm that retired homeowners are typically earning more than £7,000 each from their homes over the past six months, this is excellent news for retirees considering to use the Buy-to-Let option when choosing where to invest their savings that would otherwise have to have gone into an annuity.
This news is well timed just ahead of the change in pension annuity rules that come into force on 6th April, according to a recent study carried out by insurer Direct Line for Business found that almost 30% of people who had a pension said they were considering using some or all of their savings pot to purchase a buy-to-let property to provide them with an income during retirement.