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Using pension to pay off mortgage...or buy physical gold
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Don't a lot of lenders exclude drawdown income when calcuĺating affordability?
I don't know the exact details as I haven't researched in depth. However that does seem to fly in the face of the new REO mortgages, especially as a draw-down could be from a pot close to £1M. It is easily possible to have a (net) income in retirement greater than most of your previous salaried incomes.0 -
What's a REO mortgage?pensionpawn wrote: »I don't know the exact details as I haven't researched in depth. However that does seem to fly in the face of the new REO mortgages, especially as a draw-down could be from a pot close to £1M. It is easily possible to have a (net) income in retirement greater than most of your previous salaried incomes.0 -
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