Pensions reform risks fuelling house price rises

21st March 2014

Property experts have warned that George Osborne’s pensions overhaul risks triggering a rush of house-buying, pouring fuel on an already overheated property market.

Mortgage brokers said they expected pensioners in search of a secure income to invest in buy-to-let property, after the Chancellor announced that they would no longer be forced to buy an annuity. James Lloyd director of public policy think tank the Strategic Society Centre, said: “The big losers will of course be first-time buyers, who may see their dreams of home-ownership kicked away for good”.

Source:   Financial Times (20/03/2014)