There has been a significant rise in clients wanting to use a Sipp or SSAS to help fund the purchase of a new commercial property, a law firm has reported.

Bury based company Clough & Willis found a 22% year on year rise in enquiries from customers who wished to use either a Sipp or SSAS to release equity from their current business premises or to help them buy a new commercial property.
The rise in the use of these tax-efficient pension planning options has been due to an increase in awareness of the two schemes, Clough & Willis claimed.
The firm also believed it is because people have still been shying away from traditional lenders or finding it hard to secure finance.
David Leviten, head of the commercial property team at Clough & Willis, said: "Buying a commercial building via a Sipp or a SSAS can be a good option but it can also be a complicated process.

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"The key is to take the right advice from both a specialist property solicitor and from a financial advisor to ensure you know the potential pitfalls as well as the obvious tax benefits."
As a result of the upturn in enquiries, Clough & Willis is now offering a fixed fee service for these kinds of transactions.