Survey results published by Sipp provider AJ Bell suggest buy-to-let properties in the UK will attract the most money from those intending to buy into the asset class post-A-Day.
Based on responses from 1,650 current Sipp customers, the research finds that 64% of respondents will, or are likely to use their Sipps to purchase residential property after A-Day. 56% have said they favour buy-to-let, 29% favour the holiday home, and 15% would look to the main residence. 60% of respondents say they favour UK property against overseas. Use of gearing to fund such purchases is popular too: 84% say either ‘yes’ or ‘likely’ when asked whether they will borrow from their Sipps to fund their purchases. Spain and France get 9% of votes respectively, followed by ‘othe...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes