Phone:01257 233023 | info@annewray.org
Pension
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 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.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
For mortgage advice you can choose how we are paid:
For example, you can pay by a fixed fee of £800.00 and we will refund any commission we receive from the lender, or you can pay an advice fee of £149.00 and we will receive commission from the lender for placing the mortgage. We will discuss payment options with you and advise the actual amount payable before we begin to provide our services.
Mortgage Calc
Company address: Anne Wray - Old Chapel House, 3 Heapey Road, Chorley, Lancashire, PR6 9BD
T: 01257 233023
F: 01257 233022
Email: info@annewray.org
Anne Wray Independent Financial Adviser is An Appointed Representative of Sesame Ltd.,
which is authorised and regulated by the Financial Services Authority
Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427
Commercial Loans are not arranged via Sesame.
The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, some forms of mortgage, tax planning, inheritance tax planning or offshore funds.
The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.