Easy Street Financial Services 9 Later Life Lending 9 Can I Use My Pension To Take Out a Mortgage?
Can I Use My Pension To Take Out a Mortgage?
January 30, 2024

Yes. Traditionally this was difficult as lenders wouldn’t consider mortgages over a certain age (i.e. 65). However, many will now accept pension income and some have no maximum age.

Furthermore, we work with lenders who can translate the value of a pension into an equivalent income to calculate the potential mortgage balance.

This means that you could take a mortgage without taking money from the pension. This can be beneficial for investment or tax purposes, however we recommend you speak with your Pension Adviser / Wealth Manager regarding this.

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