Buying a Factory using a SIPP pension

[Redarress]

Hello All,

The Limited company I own owns a factory worth approx £670k with a mortgage of £200k remaining.
Would it be possible to borrow money to pay for the factory purchase and clear the mortgage and transfer it in a SIPP pension that would be set up for my wife and I .
I have read that the SIPP can borrow up to 50% of the factory purchase price to do this

Any advice would be most hepful

Thanks

Sam

[Keep it stiff]

Try AJ Bell, I know they allow commercial property to be funded via a SIPP.

[PurpleMoonlight]

You have read wrong.

The SIPP can borrow up to 50% of its value at the time of borrowing, not 50% of what you are buying.

What is the current value of your pensions and what contributions have you made over the current and previous three tax years?

You may find a SSAS better for you than two SIPP's.

[Redarress]

thanks both for your input