Our City Centre office has approximately 100 'Country Life' magazines that are currently collecting dust and are due to be dispatched to the recycling centre. If any organisations have a use for them (there are plenty of interesting articles) please call us on 01865 244735 and we would be delighted to donate them.
Buying a property with your pension
Breckon and Breckon are helping the public boost their retirement through investment in property using their old pension funds. Our property investment team can make real use of that old pension you may have forgotten about. The simplicity behind it is that rather than using your cash in the bank to act as your deposit you can use your pension instead. When you combine the pension with a mortgage this could enable you to buy a property. Not only can this make valuable use of your old pension but it also means you get to keep your cash in the bank at a time when most people would prefer to have a safety net.
Deposits for investment properties can start at only £15,000 so this opportunity is open to the vast majority of people confident about investing in property rather than the stock market (where most pension funds are tied up).
For further information - email keith@breckon.co.uk or ring the High street office on 01865 244735 for more information.
UK housing market insulated from global financial jitters
KEY POINTS
August’s sellers drop average asking prices by 2.1% (£5,054), and year-on-year prices edge down for the first time since September 2009 (-0.3%)
In the four years since the onset of the financial crisis asking prices have fallen by only 4.1% (£9,930)
Impact of renewed financial turmoil likely to be limited because prices are already ‘bumping along the bottom’ with low transaction levels, as:
- supply of new sellers remains muted at 30% below 2007 levels, as the number of motivated sellers is broadly matched by the number of serious buyers;
- base rates now expected to be unchanged until at least 2013, limiting forced sales and holding down mortgage rates for deposit-rich buyers.
But there are still risks on the downside:
- increases in unemployment could stretch lender forbearance to breaking point;
- sovereign debt concerns could hit willingness to lend and freeze credit markets again.
