Mortgage intermediaries say the government has not done enough to inform consumers about the benefits and possible pitfalls of self-invested personal pensions (SIpps), new research reveals.
A survey conducted by UCB Home Loans, finds over half (52%) also believed that the benefits of putting residential property into a SIPP have been over-hyped. That said, over two-thirds of mortgage brokers (68%) will be considering putting buy-to-let property into SIpp when this becomes possible next year, the research indicates. Most brokers feel the buy-to-let sector will be boosted by the pension changes, with the majority (65%) believing that it will boost sales of buy-to-let property by between 20% and 40% in the first year. "The research indicates that brokers are way ahead of t...
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