LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Rents now used to fund pensions

Rents now used to fund pensions

Many British pensioners are property rich but cash poor.

As a result a significant number are seeking to boost their retirement incomes and are doing so through property rentals.

Research by MORE TH>N Home Insurance, has revealed that 15% of retired homeowners are seriously considering renting out a room in their home to a stranger in order to boost their retirement income, resulting in a new crop of inexperienced and unlikely landlords.

It has dubbed this tidal wave of reluctant retired landlords as "Granlords".

But the research also reveals just how unprepared reluctant "Granlords" are for the challenges and responsibilities they face. Of all UK retired homeowners researched, more than half (51%) do not feel they have sufficient knowledge about the responsibilities required of a landlord or the type of insurance cover they need.
 
Matthew Poll of MORE TH>N, said: “After years of working, being forced to become a landlord after retiring is far from an ideal situation but it’s clear that many people are considering this to provide additional financial support."