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Office purchase Via SIPP

Deal Structure

50% Loan to value – maximum allowable under pension rules

Interest Rate 3.67% over base rate

No Arrangement fee

15 year term

Deal Summary

Our clients ran a firm of Independent Financial Advisers who had out-grown their current rented premises.

After much searching around they had located a property which suited their purposes and had started to shop around to try and find the best mortgage deal they could get, but were getting frustrated at a lack of response/ understanding shown by some of the High Street banks they had approached.

After an initial conversation with us it became apparent that they both had decent pension pots and purchasing the premises through the pensions could prove to be tax efficient.

We have good relationships with a breadth of lenders and understand what sort of clients/ loans they will and won’t consider. Using this knowledge we approached those we knew would lend to SIPP’s.

We arranged a Commercial Mortgage loan to the clients pension scheme of 50% of their value, on very flexible terms which enabled them to buy the property in the most tax efficient way possible.

Simon Parkinson

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Simon Parkinson

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address 1 Harvey Street, Bury BL8 1NL. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACFB and FIBA. ICO registration reference Z1196910.

We are a credit broker, not a lender. We work with a panel of lenders who may pay us a commission. This amount varies between lenders.

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