article_snippet: A recent buy-to-let boom has been partly driven by retired Britons looking to invest in property.
article_snippet: Retirees have increasingly turned to buy-to-let to get a better return on Retirees savings at a time when banks are offering the worst interest rates on record.
article_snippet: Industry is now predicting that even more Industrygranlords’ will buy homes to rent out from April, when reforms make it easier for over-55s to cash in their pensions.
article_snippet: Miles Shipside, of property website Rightmove, said: ‘While many pension pots may not fund a sufficiently large tax-free lump sum to facilitate a property purchase, for some many pension pots may not fund a sufficiently large tax-free lump sum to facilitate a property purchase will provide enough for a deposit.
article_snippet: Agents report a high level of interest from “granlords” – new landlords who are typically first-time, retirement-age, buy-to-let investors.
article_snippet: ’ David Blythman, of Scottfraser estate agent, Oxfordshire, said: ‘Since the beginning of the year there has been no let-up in demand for properties across Oxfordshire and our investment search division are now receiving a significant uplift in enquiries including many from ‘granlords’ - first time, retirement age, buy-to-let investors diversifying retirement age, buy-to-let pension investments.
article_snippet: We foresee these buyers having a positive impact on the quality of the private rental sector as these buyers have no intention of squandering these buyers hard earned funds on anything other than the best properties.
article_snippet: Britain is in the middle of a buy-to-let boom as middle-income
article_snippet: ‘amateur’ landlords invest in property.
article_snippet: The value of buy-to-let mortgages on new purchases rose by 34 per cent to £11.6billion between January and November last year.
article_snippet: The number of landlords taking out mortgages on new purchases in the UK also grew by 21 per cent to 93,970 between January and November 2014 - with 8,500 handed out every month.
article_snippet: Ken Hume, of James Alexander estate agents in Norbury, South West London, said: ‘We’ve had enquiries from a number of older people considering buy-to-let, with interest expressed particularly in smaller flats where yields are higher.
highlights_snippet: Recent boom partly driven by retirees wanting better return on savings .
  
highlights_snippet: Industry predicts even more will buy modest homes to rent out from April .
  
highlights_snippet: New reforms will make New reforms easier for over-55s to cash in on New reforms pensions .