Since the last Budget many financial commentators have speculated that following the new rules – due to come into effect from April 2015 – pension savers could draw down some or all of their money to invest in options such as Buy to let property.
With recent surveys reporting that Buy to let has outperformed all other mainstream investments over the past 18 years, this could be an extremely attractive option for anyone wanting to safeguard their capital and maximise their income in retirement.
Whilst this may be true, we believe that anyone considering their first move into the sector should take expert advice.
Buy to let continues to offer great opportunities, but potential investors must have a clear strategy, and it should never be considered as a ‘get rich quick’ scheme.
Market demand for quality, well maintained, private rental property remains high, but we would recommend that anyone looking to use pension savings to fund a buy to let investment should – as a first step - take professional financial advice and then sit down with a property lettings specialist, such as Belvoir, to map out a strategy for their future goals.
It is important for first time investors to buy property at the right price, in the right location and to identify the type of accommodation that people will want to rent from them both now and in the future.
And for those who do decide to invest their pension funds into property we can provide a full range of management and other services to ensure their new alternative pension investment is a trouble free one.
Whether you are an existing landlord or considering taking the plunge into the Buy To Let market and would like some free advice, please call in to our office at 47 High St Evesham or call 01386 388065 or email Melanie.firstname.lastname@example.org