You are here: cherry > Press releases for March 2015 > Shawbrook Bank responds to George Osborne’s announcement around further relaxing pension rules.

19 March 2015

Comment from Karen Bennett, Sales and Marketing Director, Commercial Mortgages, Shawbrook Bank responding to George Osborne’s announcement around further relaxing pension rules.

 

“Most pensioners across the country will now be considering the best way to use their new freedom and it is likely that many will decide that property investment yields are a more attractive investment - however, they should exercise caution with their life’s savings.

 

“Buy-to-let may be considered a more flexible option than an annuity but needs very careful consideration and time investment to ensure the property will deliver the required returns and long-term capital gain.  It’s also worth noting that the on-going maintenance and management of any BTL is a specialist skill. New clients may be caught up in the excitement of this new freedom, but we urge brokers to counsel caution and make the demands of property investment clear.”