Accidental landlords have been one of the property industry's buzz words for a few years now. However, there appears to be a new breed of landlord out there now.
An insurance company has looked at thousands of applications from new landlords and noticed a distinct trend towards pensioners renting out property.
One of the reasons will be the slowdown in the property sales market, making it harder to sell up and downsize - especially when renting out and downsizing are a great alternative. Whether these more mature accidental landlords are willing to stay in the market for the long run or will take the first exit when it becomes available remains to be seen. In any case, accidental landlords are here to stay until the economic climate changes.
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