We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Using pension to pay off mortgage...or buy physical gold
Comments
-
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 -
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards