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Potty about Property?
With relaxed Rules freeing up Pension Pots that would previously have been locked into an Annuity some commentators are predicting a further wave of “Buy to Let” mania. It’s even been suggested that unless First Time Buyers act quickly then they can kiss goodbye to any hope of ever owning a property! However, the figures don’t really stack up. With the average Pot worth about £40k it seems that the majority of the money will get spent elsewhere….and taxed which is exactly what it’s all about really.
Rees Page Estate Agents