Many in the finance industry believe that pension reforms will boost the buy-to-let business, according to the latest Mortgage Trust buy-to-let forecast. The survey shows that 53% of intermediaries think that the governments decision to allow residential property to be held in Self Invested Pension Plans (Sipps) from April next year, will improve the buy-to-let business by up to 20%, while 37% of people polled believe that it will result in more than 20%. However, most are frustrated on their inability to advise clients on the changes that will affect their Sipps after ˜A-day". Eighty four per cent consider that the government has left publishing the final Sipps rules too late, many believe that this will lead to confusion among clients.
Our view
We believe that most people can plan well ahead of rule publication, the final piece will be the rules. If you wish to consider pension funds buying property please contact us.