Pension to pay mortgage?

[Sometimesyoujustneedachangeofname]

Has anyone used a pension to pay towards their mortgage? I need a bit of a top up once we sell our property and I'm not far off retirement age but could use my private pension. Would I be able to get a small mortgage with my private pension or would I have to have a job? I currently work part time don't enjoy my job but need out of my current home situation. I'm really down about the whole situation.
Ideally sell, move and retire. I'm burntout and my health is started to be affected, mentally and physically.

Take a look at rio mortgages - retirement interest only.
Lenders will take into account your private pension, state pension forecast and earnings.

Depending on your age, another option is a lifetime mortgage - known as equity release.

I know a financial advisor who posts financial scenarios on YouTube had a client who used part of their 25% draw down to pay their remaining mortgage balance at 55. That client then continued working and used the amount their monthly mortgage payment amount to pay back into the pension pot for another 10 years.

Could that be something you do? There are definitely mortgage providers who have retired people with mortgage products from them. Maybe ring a mortgage broker like London and Country for their advice. They are free so you won't pay anything.

Could you use the tax free lump sum element of your pension to reduce or eliminate the need for a mortgage? Definitely a situation to discuss options with a mortgage broker.

Well it should be possible as its a 100% reliable income and many people can take a decent pension income from their late 50s so plenty of time to pay a mortgage for 10-20 years. Plus you say you'll have a good deposit.

Probably a question for a broker who will be able to tell yiu the potential lenders and rates.

Thank you. I'll look into that.

This is what I was thinking. It's a sure thing. Thanks.

That's helpful. Thank you.

OMG I hadn't thought of that-thank you. That's definitely a possibility.