article_snippet.sent: Savers who want to put their money towards buy-to-let properties are unlikely to be able to afford to purchase a house outright, with the average price standing at £273,000.
article_snippet.sent: But unlike residential mortgages, funded by income likely to fall away in retirement, a buy-to-let mortgage is funded by rental income, which does not cease when the owner retires.
article_snippet.sent: The buy-to-let boom expected to follow today’s changes could have painful tax consequences for some, experts warn.
article_snippet.sent: Buy-to-let homes also attract tax on rental income and capital gains tax if the property is later sold.
article_snippet.sent: today's new reforms said today's new reforms had recognised that buy-to-let was becoming a more popular source of retirement income as reports suggest half a million savers could plough pension pots into buy-to-let properties after today's new reforms take effect today.