The Negotiator - Landlords face surge in pensioner renters

A new report from the Association of British Insurers, Pensions Adequacy: Housing, Households and Auto-Enrolment, highlights that almost two million more people are expected to retire without owning their home, marking a major shift in how future generations will experience retirement.

Aaron Strutt, Product and Communications Director at London-based Trinity Financial, told The Negotiator magazine: “One in three pensioner households renting by 2044 is a worryingly high number, especially now that so many landlords have left the rental sector and rents are already unaffordable for lots of people across the UK.

“While renting is fine when you’re younger and working, especially because of the freedom it gives, it is much harder when you are older and not working. It is even tougher when older people do not have a huge pension or investments providing them with a regular income.

“As they get older, most people want more security, especially as far as their housing is concerned and they do not want to be moving home every few years. The Bank of Son and Daughter will be busy.”

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