Annuities Changes will allow individuals to take charge of their pensions over the next year, as new rules are implemented enabling retirees to create their own pension income. I would expect some wealthier individuals to look for buy-to-let property hoping to achieve a buy-to-let rental income; with the added benefits of the long-term prospect of capital growth which will, unlike annuities, be able to be inherited by the family.
This could increase demand for buy-to-let over the next 12 months as the measures are introduced.
There are three key changes for landlords to be aware of
As it currently stands, private landlords must install a carbon monoxide (CO) alarm in all rooms that have a solid fuel-burning appliance, such as a coal fire or wood-burning stove.