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Using a pension to buy a house?...
shays_mum
Posts: 1,694 Forumite
Forgive me if this is a silly question, but i overheard someone talking about buying a house thru a pension scheme....is this possible?
My friend is self-employed, mortgage free & was looking for another house & keeping the 1st as a BTL. As such has no pension at the mo, as he's frozen his private one & sees the 1st house as his pension for the future.
Hope my ramblings make sense, any advice is much appreciated, thanks
My friend is self-employed, mortgage free & was looking for another house & keeping the 1st as a BTL. As such has no pension at the mo, as he's frozen his private one & sees the 1st house as his pension for the future.
Hope my ramblings make sense, any advice is much appreciated, thanks
No one said it was gonna be easy!
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Comments
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No, it's not allowed.There was a plan to let people invest SIPPs in residential property but it was cancelled.Trying to keep it simple...
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Edinvestor, thanks for that, i have sorted out all the other areas of my life via this site, but the real stuff, all the big stuff - its scary!! No one said it was gonna be easy!0
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