SSAS Loanback Security

Colinstewart76

Hi 

Has anyone got experience of SSAS loanback secured on 'non-standard' asset.  The company in question don't own any physical land and property, but have considerable other assets which in theory could be used as security.  I've spoken to a major SSAS administrator who wouldn't consider it but they have said smaller niche administrators might.  Anyone got any suggestions about which firms I should approach?

DanAtkinsonUK

I would probably speak to Rowanmoor, but guessing this may be the people you spoke to before? We recently had a presentation from http://www.daycooperday.com/ who might be worth talking to - I missed the session unfortunately. 

Not done one of these before. Good luck.

Colinstewart76

Thanks Dan - was AJ Bell I spoke to - will try Rowanmoor 

richardgough

Try Jamie Morgan at Alltrust as well. The key issue with non-standard assets is avoiding the potential of taxable property. Jamie's number is 029 20772970.
In my experience, if it can be done Alltrust will do it; if they say it can't then that is pretty definitive too.

PeterM

I would also suggest trying City Trustees and Xafinity. 

We have used both recently for complicated cases, although not a SSAS loanback, that others did not want to take and they were both very helpful.

Colinstewart76

Thanks all - I'll give them all a go