• 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

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06:35 AM Bank of England may put limit on mortgage ratios - Telegraph.co.uk Telegraph.co.uk Bank of England may put limit on mortgage ratios Telegraph.co.uk The Bank of England could intervene and cap the maximum mortgages available to borrowers to stop another credit crisis, George Osborne said on Monday night. Before the credit crisis, buyers were offered mortgages worth more than the properties they ... Osborne to allow curbs on size of mortgages to prevent another housing bubbleDaily Mail Osborne outlines bank reform plansThe Press Association Osborne looks to limit damage of 'credit busts'Financial Times all 10 news articles » 02/07/2012

05:20 PM What The Mortgage Relief Plan Would Do For Homeowners - Forbes Forbes What The Mortgage Relief Plan Would Do For Homeowners Forbes After more than a year of wrangling over various mortgage relief proposals, influential state leaders seem close to adopting a plan that Pres. Obama announced Feb. 1. Attorney General Eric T. Schneiderman of New York and California's attorney general, ... Underwater Mortgages Causing Downward Economic SpiralU.S. News & World Report Mortgage-Relief Program Gets New GuidelinesLoanSafe Mortgage plan offers too little help for homeownersSun-Sentinel National Mortgage Professional Magazine -Washington Post (blog) -AGBeat all 50 news articles » 02/06/2012

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