How to set up a pension mortgage
The agreement to use part of your retirement fund to pay off your mortgage must be made between you and your lender. As a pension cannot be assigned as security to the lender, a separate contract with the lender is required.
If you are interested in a pension mortgage, you should talk to us. Putting a pension mortgage in place can be quite complex and requires good financial advice from the outset. An independent adviser will be able to assess your situation and guide you through the complexities of mortgages, pensions and tax.
It’s worth getting independent advice now as, for many people, pension mortgages offer an exciting new way to buy a property, provide yourself with a pension, and pay less tax.