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Pension Mortgages
| With this type of mortgage you pay only the interest to the lender while paying contributions into a personal pension plan. It is designed to repay the mortgage with the tax free lump sum provided by the pension policy. In addition to this you should have a regular income too to enjoy in your retirement. This option could give you a cash surplus and can provide life assurance cover. This option is proving to be more popular among the self employed. You cannot choose this option if you are part of a company pension scheme. |  |