SSAS Loanback Security
Colinstewart76
Member
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?
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?
Outsourced paraplanner at The Paraplanners.
Comments
Not done one of these before. Good luck.
Chartered Financial Planner
Certified Financial Planner
Head of Technical at Paradigm Norton
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In my experience, if it can be done Alltrust will do it; if they say it can't then that is pretty definitive too.
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.