Buying paddock land with house from SIP pension ?
Discussion
Wanted to pick the brains of the more savvy financial gurus on here please.
Having a wife who wants to buy a property with more land plus looking for better investments for a SIP, I wondered if I can kill 2 birds with 1 stone
Understanding you can buy commercial buildings with a SIP, borrowing up to additional 50% if required, if I was to find a house with separate deeds for any additional land it has (paddocks, woodland etc), could I buy the latter through my SIP ( buying main house the normal route) ?
So man Maths, say if a house is up for say £550k, and the extra land on separate deeds is valued at say £150k, I assume I can buy house for £400k the normal route, paying stamp duty on £400k), then SIP pays £150k and associated buying fees accordingly ?
Would much rather look out at some land than a statement for my my Pension each year
Appreciate I would have to pay rent on commercial land into pension, and also sell property with land at later point when I want to retire, but interested what others think or have done in similar scenario ?
Cheers in advance Dave ?
Having a wife who wants to buy a property with more land plus looking for better investments for a SIP, I wondered if I can kill 2 birds with 1 stone
Understanding you can buy commercial buildings with a SIP, borrowing up to additional 50% if required, if I was to find a house with separate deeds for any additional land it has (paddocks, woodland etc), could I buy the latter through my SIP ( buying main house the normal route) ?
So man Maths, say if a house is up for say £550k, and the extra land on separate deeds is valued at say £150k, I assume I can buy house for £400k the normal route, paying stamp duty on £400k), then SIP pays £150k and associated buying fees accordingly ?
Would much rather look out at some land than a statement for my my Pension each year

Appreciate I would have to pay rent on commercial land into pension, and also sell property with land at later point when I want to retire, but interested what others think or have done in similar scenario ?
Cheers in advance Dave ?
wattsm666 said:
You can only borrow 50% of the value of your SIPP before the property is included. So if you have £100k of value now you can borrow £50k not £75k being half the land value.
Thanks for confirming. Any idea if the main lenders out there offer these kind of mortgages / loans, or would I have to go via IFA ? Also if your normal solicitor for residential purchases can manage the pension SIP purchase side too ?
Gassing Station | Finance | Top of Page | What's New | My Stuff


