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New property initiative is launched to provide transparent, fixed retirement income through funding former disused let properties.

From April 2015, UK pension rules are changing; anyone retiring after this date will be able to choose how they use their pension savings, which has opened up a new spectrum of financial opportunities for ‘pre-tirees’.

The Real Estate Annuity Plan (Reap) is a brand new property based financing arrangement where people approaching retirement, who are looking to make more from their pension savings, can lend their money to a mutual society which renovates derelict properties to bring them back into habitable use.

In return for supporting a programme that brings affordable homes to deprived areas, Lenders (Annuitants) will receive a fixed income at a rate above all of the current traditional insurance or pension based annuity plans.

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