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Mortgage on a pension


JEM44

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Is it possible to get a mortgage using a UK pension as a wage?

 

I am am planning on working but my hubby wants to claim his pension and maybe look for part time work, his pension should pay approx £20k a year.

 

Would we be able to get a mortgage?

 

Thanks

laura

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Hi Laura

 

It will really boil down to a whole range of factors based on your overall personal situation as to whether a mortgage can be obtained however in relation to using foreign pension income for servicing.....some lenders will not accept this as a form of servicing income, some will consider on a case by case and some will accept (generally if accepted only 80% is accepted to allow for currency fluctuations).

 

 

Kind regards

 

Andy

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