Tuesday 17 May 2011

Property special: Retirement opportunities - Telegraph

Property special: Retirement opportunities - Telegraph

Research by Key Retirement Solutions shows that retired pensioners have total property wealth owned outright of around £751.3 billion.

Robin and Christine Kaighin bought Lakeside, a five-bedroom country house in Shillinglee, on the Surrey-Sussex border, in 1991. The hurricane of October 1987 had caused “total devastation” to the semi-ancient woodland surrounding the property, within the South Downs National Park, while financial storms had taken their toll on its owner’s business. Lakeside had been repossessed, and Robin, who worked in electronics, and Christine – along with their four sons, aged one to 11 – were able to negotiate a bargain.

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