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Re-mortgage without a job but have a pension
davilown
Posts: 2,303 Forumite
Hi
Quick question for all you mortgage brokers out there:
I leave the Forces shortly and at the same time my 5 yr fix ends. I should have around £140k left on the mortgage (approx value £350k). My wife earns £40k pa and I will have a pension income of £11k pa. Although I'm not working, can I use my pension as income as the second applicant?
Many thanks
Quick question for all you mortgage brokers out there:
I leave the Forces shortly and at the same time my 5 yr fix ends. I should have around £140k left on the mortgage (approx value £350k). My wife earns £40k pa and I will have a pension income of £11k pa. Although I'm not working, can I use my pension as income as the second applicant?
Many thanks
30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
0
Comments
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Yes you can!I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
If you move to a retention product with your existing lender you may not have to prove any income at all.0
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It should be doable, but depends if you have any debtI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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