As someone who would like to establish more control over my pension / investment choices, I am very interested in the SART or SSAP schemes offered to proprietary directors.
I was excited to learn of the change in law in 2004 allowing these pension schemes to borrow to acquire properties. I understand that all property purchases must be at "arm's length" and that you cannot place a property you already own into a SART.
In my particular situation I have placed a deposit (7%) on a UK investment property, which is not due for completion (and full payment) until March '07. This deposit was placed before I had a SART in place. If I establish one before March '07, when the full payment is due, can I do this through my SART fund?
Thanks in advance for advise.