Impact on drawing from SIPP on DB contributions

jamesd

I don't see any reason for you to have trouble. You appear likely to have ample income and very low LTV. You'd probably have to use a repayment mortgage and you make that low capital payment by getting one that offers a long term, say to 85. Then you just overpay at a desirable time. If for some reason that doesn't work out equity release would also be an easy option.

Your existing lender is also supposed to show some tolerance if you have a repayment plan, though it's not mandatory. Waiting until your pension date might be asking too much for that. But it's not an instant thing and you'll have plenty of time to sort out some replacement.

Best to at least see what your current lender says now. I doubt that you'll be pleasantly surprised but high income customers with low LTV are nice for them.

saucer

Wonderful. That sounds like a plan and really puts my mind at rest. Thank you again for all your sagely advice :beer: