Becoming a buy-to-let landlord can potentially provide a good return over the long term, but for a number of reasons cash buyers — and indeed those who buy through a pension — tend to fare best.
Ray McMahon, chief commercial officer at ICS Mortgages, says buy-to-let has become a niche area and that increasingly people are investing through pensions rather than cash. Overall, the sector has become less speculative and more geared towards the long view.
“The typical investor now is much more of a ‘buy and hold’ investor. That’s reflected in the fact that the average age is 53; in many cases, these are people looking to supplement their pension.”
Barry Finnegan, director of real estate agent Haines, says buy-to-let investors now make up
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