Pension vs Property

[shaunbhoy]

True, but the question is how long can a market stay irrational.

Well in the case of Blighty, indefinitely it would appear.

[tomtomagain]

You could have made that statement any time over the last 15 years and it would still ring as true as it does today.

Absolutely right.

But no market is a one-way bet.

[tomtomagain]

In my own case, I'm bunging a lot more money at my residential mortgage

That's what I did. Instead of a pension or BTL I just paid off my main mortgage. I was mortgage free by my 31st Birthday. Best (financial) thing I ever did.

My only worry is that all the baby boomers start popping their clogs.

That's not a worry. It's an inevitability. The boomers will be permanently exiting the housing market over the next 20-30 years.

[kaiser78]

A kind of dipping my toe in to test the water type question....

I've been paying about £1k per month into a ltd co. pension for the last 10 years or so. At present, this will buy an annuity of about £2k per annum (!).

I'm thinking of moving up the housing ladder & what I'm thinking of doing is ditching the pension contributions & sticking everything into the mortgage & take a punt on house prices continuing to rise.

I only intend working for another 8-10 years.

Yes, I should speak to my financial advisor but all he'll do is advise me to stick with the pension because it's in his financial interests to do so.

Any thoughts?

Don't go - please stay...the sensible answer is to have a balanced portfolio. Noone knows what house prices will do especially post brexit etc. I pay both into my pension and have a second property just spread things out a little.