T: 01592 773 772

E: enquiries@clearfs.co.uk

gradient decorative bar above navigation

Pension

Pension Mortgages Glenrothes Fife

How does it work?

You make two payments per month. One to the lender to repay the interest on your borrowings and another into a personal pension plan. The plan is to build up your pension fund sufficiently to take out enough tax free cash to repay the loan and provide you with a retirement income.

ADVANTAGES:

Has tax advantages as the contributions you make to the pension attract tax relief at the highest rate of tax you pay.

DISADVANTAGES:

You must ensure your pension is well funded so that you have sufficient to repay your loan and provide for your retirement.
The lump sum is paid on retirement which may mean you are paying interest on the loan for longer than 25 years.
You cannot access the pension fund to repay the mortgage until retirement age.

PAST PERFORMANCE IS NO GUIDE TO FUTURE RETURNS. THE VALUE OF INVESTMENTS CAN FALL AS WELL AS RISE.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Depending on the complexity of your case there may be a fee for mortgage advice, typically this fee is £395.

Mortgage Enquiry
Mortgage Calc

Top of Page

Company address: New Law House, Saltire Centre, Pentland Court, Glenrothes, Fife, KY6 2DA
T: 01592 773 772
M: 07733 450 036
F: 01592 774757

Email: enquiries@clearfs.co.uk

Registration details: 1 George Square, Castle Brae, Dunfermline KY11 8QF
Registration number: SC312023, Scotland

Clear Financial Solutions (Scotland) Ltd is an appointed representative of TenetLime Ltd, which is authorised and regulated by the Financial Services Authority and entered on the FSA register (www.fsa.gov.uk/register) under reference 311266.

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage. Depending on the complexity of your case there may be a fee for mortgage advice, typically this fee is £395.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.