Originally posted by BR14
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Reply to: Your house is your pension...
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Previously on "Your house is your pension..."
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My wife is a pensions expert .... she wept when she read this story Tories really are idiotic
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Originally posted by wattaj View PostDude, you live in Wales. They'd end up paying you.
So what's your house worth? and what band is it in?
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Originally posted by AtW View PostIf a couple could combine their pension wealth, both potentially using a proportion to support a deposit
You need a 20% deposit. But you can pledge some or all of you pension money up to the first 10% of the deposit when you apply for a mortgage. They the add that amount to your mortgage, but payable at a lower interest rate. If you default - bye bye pension. Or you can cash in the pension at a low tax rate and reduce your mortgage directly. You can only cash in your pension if you're buying a house, reducing your mortgage or building a house.
So you can use your pension, but the deposits required are much higher than the UK and the amount of your pension you can use is limited. I'm not sure that the UK would have those safeguards.
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[QUOTE=Yorkie62;2652147]Originally posted by BrilloPad View PostWith housing you cannot seem to go wrong.
QUOTE]
Until the next GE and we have a Corbyn led Labour government
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[QUOTE=BrilloPad;2652140]With housing you cannot seem to go wrong.
QUOTE]
Until the next GE and we have a Corbyn led Labour government
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With housing you cannot seem to go wrong.
Pension pots you have to be careful of. Look at LCF.....
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Originally posted by DimPrawn View PostIsn't this actually "Your pension is your house"?
Most young peoples pension wealth is approx zero though.
Average... among Eton/Oxbridge grads
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Originally posted by AtW View Post“If a couple could combine their pension wealth, both potentially using a proportion to support a deposit, this would make a huge difference to millions of lives,” he argued. “It would give people real choice, real opportunity.””
Brokenshire criticised for suggesting first-time buyers dip into pension | Society | The Guardian
Most young peoples pension wealth is approx zero though.
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Your house is your pension...
“If a couple could combine their pension wealth, both potentially using a proportion to support a deposit, this would make a huge difference to millions of lives,” he argued. “It would give people real choice, real opportunity.””
Brokenshire criticised for suggesting first-time buyers dip into pension | Society | The Guardian
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