• Pension contributions benefit from up to 40% tax relief for higher rate tax payers.

• Your debt remains constant throughout the mortgage period.
  
  
• You have no guarantee that you will have sufficient funds to pay off the mortgage at the end of the repayment period, as the pension fund could perform below expectations. (By monitoring your pension fund's performance, you could make additional contributions during the repayment period if you felt it was under performing.)
  
  
• The lump sum cannot be used for other purposes. You therefore need to ensure that your level of pension contributions are sufficient enough to maintain your required standard of living during retirement.
  
  
• The mortgage period may be longer than 25 years, depending on your age. You will still need to meet interest rate payments throughout this period.
  
  
• The tax situation regarding pensions is open to unforseable changes.

Latest Mortgages News

12:59 AM Mortgage lending dives after end of stamp duty holiday - Independent The Guardian Mortgage lending dives after end of stamp duty holiday Independent The number of mortgages issued in January slumped by nearly half, as UK homebuyers deserted the market after stamp duty relief ended. ... Fears grow that new mortgage drought could hit house pricesTimes Online Mortgage approvals fall by halfThe Guardian Get a quick glance of the best rates with our interactive mortgage tables:This is Money Financial Times -The Press Association -Scotsman all 120 news articles » 01/01/1970

12:59 AM BofA, Wells gov't mortgage modifications up in Feb - Reuters ABC News BofA, Wells gov't mortgage modifications up in Feb Reuters CHARLOTTE, NC, March 12 (Reuters) - Mortgage modifications at two of the largest US banks rose in February under a government-backed program, ... Permanent mortgage loan modifications rise 50% in Chicago areaChicago Tribune Permanently modified mortgages grow by 45%, government saysLos Angeles Times Borrowers in foreclosure prevention plan losing mortgage aidWashington Post Wall Street Journal -UPI.com -American Banking News all 328 news articles » 01/01/1970

12:59 AM Mortgage overpayments encouraged by Lloyds - BBC News BBC News Mortgage overpayments encouraged by Lloyds BBC News Customers on variable rate deals can, for one year, overpay their mortgages by up to 20% of their loans. Ultra-low interest rates mean UK households have ... Scots slashing mortgage debts while interest rates stay lowScotsman Lloyds invites mortgage overpaymentsThis is Money Lloyds extends overpaymentsFinancial Times all 4 news articles » 01/01/1970

12:59 AM Northern Rock: more than 4% of mortgage customers are in arrears - The Guardian BBC News Northern Rock: more than 4% of mortgage customers are in arrears The Guardian Photograph: Luke Macgregor/Reuters More than 22500 Northern Rock customers – over 4% – have missed monthly mortgage payments, the nationalised mortgage ... Bonuses for Rock staff as losses shrinkYorkshire Post Can taxpayers profit from Northern Rock?BBC News (blog) Northern Rock 'bad bank' on course to spearhead group's return to profitFinancial Times Money Marketing -Mortgage Solutions -Wall Street Journal all 376 news articles » 01/01/1970

12:59 AM Mortgage advice at a premium from Carrington Carr - The Guardian The Guardian Mortgage advice at a premium from Carrington Carr The Guardian Photograph: Christopher Thomond How would you feel about being charged £3000 for mortgage advice that is available elsewhere for nothing? ... 01/01/1970

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