Pension Income Mortgages

Pension Income Mortgages - Pension income mortgages are mortgages that are appropriate for those in retirement and currently being paid a pension – either state, private or both. Depending on the size of your pension fund, existing assets and other incomes and savings, pension income mortgages vary greatly. Pension income mortgages may also be complicated in some instances by personal requirements from lenders, such as age limits, making it hard for pensioners to receive a mortgage with a lengthy term when over 70 years of age in many cases.

The fragmented nature of some individuals’ pension contributions can further complicate whether you are applicable for pension income mortgages, as many pensioners receive payments from a number of past employers, depending on the lengths of past periods of employment. 

Whether you are of retirement age, or planning your options as you go into retirement, considerations of pension income mortgages need also to take into account any tax credits and supplementary government-granted income that may be relevant. These range from the winter fuel allowance, which is a tax-free additional income, to Support for Mortgage Interest (SMI) payments for those on low-incomes. All government sanctioned benefits are susceptible to change as public policy of the Treasury changes, as detailed in budgetary statements by the Chancellor of the Exchequer each year.

At Capital Fortune, our award-winning team have years of experience in finding appropriate pension income mortgages for our clients. We know that finding the right pension income mortgages can be complicated by a number of individual and personal criteria, so making sure you have full support and information you need from start to finish is our priority. Whatever your age and income, contacting our professional team can be the first step towards finding the right pension income mortgages tailored to your financial requirements. 

Call our mortgage broker team now on 0845 3 630 430 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.