James Hawkesford, managing director of Hawkesford Estate Agents, writes:
From April 6 all those over 55 years of age can withdraw all or part of their pension pot and invest how they see fit.
All of these people will be thinking about what to do with that hard-earned cash and how to invest it to maximise their future financial security.
One of the options that experts believe will be popular is investing in buy to let property.
This rise in demand for buy to let properties may increase house prices and will probably hit the first time buyer market most of all, all at a time when there is already a huge demand on this under-supplied area of the housing market.
As the old adage goes “prices can go down as well as up” so careful thought and planning are key to protecting any monies you have to invest. So, if you are in the fortunate position where you have money to invest, our advice is to seek professional advice from financial advisers. Or, indeed, if you have a property you would like to sell or obtain an up-to -date market valuation for, contact our offices on 01926 430553 and speak with our team who will be able to arrange a free, no obligation valuation for your property. Our lettings office can also advise on any potential rental income that a property may yield and provide detailed information on the whole rental market/lettings process.