- Pension Income
- Undrawn Pension Pots Considered
- From 5% Deposit
- Limited Track Record
- Gross Pension Income Considered
- Multiple Income Sources
- Residential & Buy to Let
Mortgage with Pension Income
At RockHopper we work with a number of clients who receive all or part of their income as a combination of pension Income and/or have one or more pension pots in the background that they are not yet drawing.
We often find that clients who receive pension income or have undrawn pension pots have faced a number of problems when approaching their Bank/Building Society to find a mortgage, such as:
- Their Bank/Building Society will not consider investment all of their pension income or undrawn pension pots towards mortgage affordability
- Their Bank/Building Society will only consider a portion of their pension income or undrawn pension pots towards mortgage affordability
- They currently receive pension income and plan to top this up with future pension income and need a lender to be able to consider both
We work with a number of lenders who are happy to consider pension income towards mortgage affordability. Some of these lenders will consider the pension income expected to be received from pension pots even though it is not yet being drawn.
Clients have told us that they may have approached their own Bank/Building Society for a mortgage using pension income and have been declined.
Clients approaching us to arrange a mortgage using investment income are often frustrated, that although their plans make sense, they have spoken to a number of lenders who will simply not consider a mortgage because of all or part of their income is earned through pensions.
At Rockhopper we understand that every case is different and that no clients are ever the same. That is why we apply a common sense approach to assessing whether we can assist.
If you would like to see whether we can help you raise a mortgage using pension income, do get in touch for a free no obligation quotation.