Hi all
Does anyone know if Pension is seen as Lability when applying for Mortgage ( monthly outgoing cost limiting the ability to repay) or as good thing if you have headroom to making AVC's (shows the ability to Save)?
Hope I am making sense?
I am going to be applying for Mortgage in the new year but current playing 25% of my salary into a pension (Over 40). Was thinking of dropping that dow to min 5% to still get employer top-up and boost my take-home after-tax pay to show the ability to repay. Currently saving around €2K cash into cash saving every month so AVC after been taxied should be able to bring this up to €2370 per month.
Does anyone know if Pension is seen as Lability when applying for Mortgage ( monthly outgoing cost limiting the ability to repay) or as good thing if you have headroom to making AVC's (shows the ability to Save)?
Hope I am making sense?
I am going to be applying for Mortgage in the new year but current playing 25% of my salary into a pension (Over 40). Was thinking of dropping that dow to min 5% to still get employer top-up and boost my take-home after-tax pay to show the ability to repay. Currently saving around €2K cash into cash saving every month so AVC after been taxied should be able to bring this up to €2370 per month.
Last edited: