Mortgage with a pension

theoldgreychap

Looking at options for the future. Have several years left to run of a low fixed rate on my mortgage which will take me comfortably into zone of potential early retirement. After stopping paid employment I will be able to comfortably service the mortgage payments from DB pensions/DC drawdown/cash/investment buffer and intend doing so. Medium term my current plan is to downsize from large family home inside M25, liberate a sizeable equity sum and move to a cheaper part of the country.

Has anyone any experience of mortgage companies treating the switch from paid employment to early retirement as a material change of circumstance and attempt to use this to withdraw the low rate and/or impose an early redemption?

Thanks in advance!

Thrugelmir

Providing the mortgage is paid every month then the status quo will be maintained. .

AnotherJoe

[QUOTE=theoldgreychap;71930671
Has anyone any experience of mortgage companies treating the switch from paid employment to early retirement as a material change of circumstance and attempt to use this to withdraw the low rate and/or impose an early redemption?

Thanks in advance![/QUOTE]

????? How would they know? in what way is it different to someone being between jobs and continuing with payments ?
And, to repeat, how would they know? The money that is transferred whether you are earning or funding from investments or savings and between jobs, in retirement or being kept as a gigolo, is still money