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Nearing retirement with too much property exposure

By Patrick Connolly and Jason Hollands , 26 November 2012

Mark McAvoy is 61 and semi-retired with a small business providing around £20,000 net profit per year. His wife, who is 57, has just taken redundancy. They have a small mortgage on their home, plus two other mortgage-free properties worth £140,000 in total and returning approximately £7,000 a year. He and his wife have substantial individual savings account (Isa) holdings, plus a pension pot that he does not envisage touching until he is 65 and thereafter on a drawdown basis.

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