Pension
Linked Mortgages - Mortgage Information
What
is a Pension Linked Mortgage?
Pension
linked mortgages mean that you pay into a pension fund and you pay
premiums into a life assurance scheme. The mortgage term reaches
maturity upon retirement, when you will recieve a lump sum and a
pension. The lump sum is used to pay off the mortgage.
The
advantage of a Pension Linkied Mortgage is that you are likely to
pay less tax. You will also need to have a separate life insurance
policy to cover the capital sum, in the event of your death before
retirement.
List
of Major Mortgage Lenders
OCIS
provide general financial information, we urge you to consult an
Independent
Financial Adviser ( IFA )
before making any important decisions about your finances. |
