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Money Makeover: 'Can I become a landlord aged 56 with £280k?'


Alan Birtwistle is considering becoming a landlord for the first time
Credit: JULIAN SIMMONDS
Landlords have been ditching properties in their droves after changes to taxation, a ban on evictions and ever-increasing regulation.
Many have sold up as house prices soared amid demand for bigger homes. Despite all this, Alan Birtwistle is considering becoming a landlord for the first time.
Mr Birtwistle, 56, recently extinguished a 29-year career as a fireman, retiring in 2019. He now lives and works at a campsite near Orpington in Kent during the summer and wants to escape to the Canary Islands during the winter.
After a divorce in March last year, he has £280,000 in bank accounts, earning little or no interest, and no property. “I chose not to buy a home so I could travel,” he said. ....

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