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BTL reforms could derail pension plans

marcfaubeau

Hundreds of thousands of pension plans are at risk as the Government's rental sector overhaul derails the buy-to-let business model, landlords have warned. Two fifths of England's landlords have invested in property to contribute to their pension, according to the Government's English Private Landlord Survey. Across the 1.5 million landlords, this means 600,000 people will see their retirement plans affected by reforms designed to boost tenants' rights. Max Armstrong, of North East Property Investment, said the measures followed years of policy changes that had made buy-to-let less profitable and came alongside forthcoming minimum Energy Performance Certificate targets. “There is a worry that there will be a cumulative effect that, when you throw in the upcoming EPC requirements and the reduction in tax relief on mortgage interest, will push small landlords out of the market,” he said.

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