12 October 2005

New Sipp rules and the housing market

Allowing residential property to be held as part of a self-invested personal pension is unlikely to alter the buy-to-let market, claims Landlord Mortgages.
"A relatively small proportion of the population will take advantage of the new rules after ‘A’ Day simply because it is too costly".

Legislation that comes into effect after 6 April allows a consumer to use their pension fund to purchase a buy-to-let property with the added advantage of being able to borrow up to an additional 50% from their pension fund to do so.

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