NEWS IN BRIEF:

8 12 2014

Retirees are looking to invest their pension savings in the Buy to Let market, according to a survey from the Bank of Ireland. George Osborne’s pension reforms, to be introduced next year, will give pension holders the freedom to invest in an asset of their choice. Research shows that 42% of pensioners will take a lump sum to buy a property or to pay off their mortgage while 13% said they will use a lump sum to pay off the balance on their own mortgage. Over a quarter said they intended to purchase homes on a BTL basis to generate rental income to their retirement.

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