Recent changes to the pension rules around lump sum withdrawal, due to take effect in April, will see a large number of enquiries to brokers about lump sum transactions into alternative investments, including property.
Complete FS, which is considered to be one of the UK’s leading specialist BTL packagers, had a 234% increase in BTL business in 2014 and has toured extensively at BTL forums and network events to talk to intermediaries about the BTL and specialist markets. Complete FS has also been selected as one of a limited panel of partners to launch new BTL lender, Foundation Home Loans.
Tony Salentino, Director at Complete FS had this to say: “With CML figures for December 2014 showing that gross advances totalled 17,300 loans, 18% up on December 2013, Complete FS is already increasing the resources behind our BTL service because we are anticipating a bumper year for the BTL market. We are already closely involved with a wide range of lenders, including some of the most recent to come to market like Foundation Home Loans, which share our belief that the market is set for continued growth because of increasing demand from landlords new and old.”
