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Pension to clear mortgage
Comments
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I would be entitled to the full stste pension as ive been in full time employment for 40 years.
Being in full time employment for forty years would not necessarily mean that you were entitled to full NSP.
You and your spouse come under transitional rules.
You might currently be in the position where you are entitled to full NSP, less than full NSP or more than full NSP.
What exactly is shown on your state pension forecasts? Check in link above.
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You say you have a lot of equity in your home.
If so, why not downsize now and have no mortgage?1 -
I'm afraid that a pension being used to pay off a mortgage would be the wrong way round.
You don't allow a tail to wag a dog.There is no honour to be had in not knowing a thing that can be known - Danny Baker0
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