Following the recent reports that Standard Life will no longer permit SIPPs to undertake a mortgage for a commercial property purchase, we wish to confirm our commitment to allowing SIPPs and SSASs to continue to borrow up to 50% of the net assets of the scheme.
We have no plans to change our view on this. Most borrowing is subject to usual terms and conditions agreed with the lender. Although there have been difficult times for clients we have not experienced any defaults. Please call if you wish to discuss a commercial property purchase.
The relevent news articles can be found at:
http://www.moneymarketing.co.uk/news-and-analysis/pensions/sipps/standard-life-to-scrap-sipp-commercial-property-borrowing/2005088.article
https://www.ftadviser.com/2014/01/10/pensions/sipps/standard-life-ceases-commercial-property-sipp-loans-6h0znlcDEzV6r54DDqjjPJ/article.html
See our Property and Borrowing Sections for more information about borrowing and commercial property