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High income mortgage provides pension alternative

Date: wed, 19 Oct 2005

A new high income mortgage will offer investors an alternative to the traditional pension schemes.

A forthcoming change in the pension rules means that people will be able to invest in a residential property as part of a self-invested pension plan (SIPP) and be entitled to tax relief.

However, buyers unable to wait until the new legislation come into force in April 2006, will be able to take advantage of a new scheme. The new product enables people to invest in a Curzon Capital buy-to-let fund – which places their money in a listed fund and not directly into property.

The funds invested in the SIPP will be exempt from capital gains tax as well as income tax and are subject to a minimum investment of £20,000.

It is predicted that the changes in the pension rules will encourage greater investment in the buy-to-let market, with property prices in some areas estimated to increase by around 15 per cent.

High Income Mortgages from Endsleigh Financial

If you are currently interested in arranging a high income mortgage or simply want to discuss your situation further please click here and fill in our short mortgage quote form.

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