Hi
I have a property valued at 300k with a mortgage of 250k and my wife has a property valued at 250k with a mortgage of 400k. Both properties are currently rented and we are renting a separate property. Due to the above we are struggling to get a mortgage.
I am self employed and have a SSA pension with c.300K in it.
Would it be possible for my pension to buy my property which would pay off the mortgage and leave the property "at arms length" in my pension ?
Any advice woud be greatly appreciated.
Thx
I have a property valued at 300k with a mortgage of 250k and my wife has a property valued at 250k with a mortgage of 400k. Both properties are currently rented and we are renting a separate property. Due to the above we are struggling to get a mortgage.
I am self employed and have a SSA pension with c.300K in it.
Would it be possible for my pension to buy my property which would pay off the mortgage and leave the property "at arms length" in my pension ?
Any advice woud be greatly appreciated.
Thx