Ensure you have the right ‘home’ for your money as pension rules relax
- Credit: Archant
Millions of Yorkshire savers are turning to property investment to make every pound of their pension pot go further when new financial freedoms come into force in April.
As part of the biggest changes to pension rules in a generation, from April 6 everyone aged 55 or over will be able to access their pension savings and, for the first time, spend the money as they choose – with the first 25% available tax free.
Historically, the amount of money that could be accessed from pensions was heavily restricted. But the long-awaited relaxation in the rules mean that as many as one-in-four people are looking to residential property as the place for a better return on their money.
For almost two decades, independent residential sales and letting agency, Linley & Simpson, has built up Yorkshire’s largest portfolio of managed rental properties.
And now it is drawing upon this expertise, coupled with its unrivalled geographical coverage, to help this new breed of investor to take advantage of the changes and buy the ideal rental property.
With interest rates for savers still hovering around an all-time low, it is easy to see why – the annual yield on a buy-to-let property is 4.1% nationally, with Linley & Simpson averaging a rate of return of 5.7%.
This outperformance of other investment options does not include any increase in the capital investment into your property, with some homes appreciating by as much as 17 per cent over the past 12 months.
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To meet this spike in demand, Linley & Simpson has launched a dedicated buy-to-let service across all its ten branches – York, Harrogate, Ripon, Ilkley, Wetherby, Saltaire, Wakefield, Horsforth, Roundhay and Leeds city centre.
The service is tailormade to guide investors through the process as smoothly as possible – from identifying the right property and letting it to maximum rental potential; through to providing tax and mortgage advice through a bank of finance sector specialists.
And, as an added dimension, the company has introduced a brand new feature to its website. This enables investors to search for properties that Linley & Simpson experts have already vetted to be ideal investment opportunities – all showcased at the touch of a button to make your home-hunting even easier.
Visit our website www.linleyandsimpson.co.uk or email firstname.lastname@example.org for more information.