There’s a new option for retirement income in the UK for owners of buy-to-let properties: equity release. Until now, the only way these property owners could access the wealth tied up in these assets was to sell them. Eleven years ago, there were some 840,000 buy-to-let mortgages in the UK, with a balance of £93.2bn. At the end of 2015, those numbers had risen to 1.8m such mortgages, adding up to £214bn. However, recent changes to the tax code have begun phasing out tax relief for buy-to-let mortgages, and the number of landlords holding those mortgages has dropped slightly since 2015. Equity release could be the shot in the arm the buy-to-let market needs.
- Retirement Advantage Equity Release helps people boost their retirement income.
- The buy-to-let market has grown over the last decade.
- Equity release can help out the buy-to-let market.
“Property remains an attractive asset class overall and with the ability to unlock wealth from multiple properties now available, equity release could be just the boost the buy-to-let market needs.”
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