Pension Mortgage

Pension Mortgage
Pension Mortgages combine an interest only mortgage with a pension plan. The client pays interest only to the lender every month plus paying into a pension policy. At the end of the term the original amount borrowed is due to the lender and a portion of the pension used to pay off this loan.

Advantages
Interest only option
Tax relief available on pension contributions

Disadvantages
X Potential shortfall in funding due
X No access to pension fund until retirement

PENSION MORTGAGE - ONLINE APPLICATION

Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.

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