{"id":103150,"date":"2019-01-21T14:00:09","date_gmt":"2019-01-21T07:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-stop-pension-contributions-to-get-a-bigger-mortgage\/"},"modified":"2019-01-21T14:04:06","modified_gmt":"2019-01-21T07:04:06","slug":"should-i-stop-pension-contributions-to-get-a-bigger-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-stop-pension-contributions-to-get-a-bigger-mortgage\/","title":{"rendered":"Should I stop pension contributions to get a bigger mortgage?"},"content":{"rendered":"


\nMost lenders appear to take these into account when deciding how much to lendQ I have a question based on the article you wrote in 2015. I am a deputy head teacher. My partner and I are having strong arguments over me stopping my pension, which I want to do so that I can get the best possible mortgage by providing three payslips clear of pension contributions. We are looking to increase the size of our house in north London as we have a young family. My partner doesn\u2019t have a pension as she thinks they are the devil. She is freelance and so her payslips won\u2019t be contributing to the mortgage process. It appears most mortgage firms do not overlook your pension payments. What should I do? MWA To repeat what I said in May 2015, I most certainly wouldn\u2019t advise anyone to cancel their pension contributions for a few months to boost their chances of getting a mortgage. Besides, there may be no point as a significant number of lenders don\u2019t ask about pension contributions. In addition, lenders ignore pension contributions deducted from salary \u2013 as I assume yours are \u2013 because they are already taken into account in the net pay figure on payslips, which areused to assess affordability. In addition, stopping contributions won\u2019t bump up the net pay figure by as much as you think because your tax bill goes up. Continue reading…
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\nSource : theguardian.com
\nRead more…Should I stop pension contributions to get a bigger mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most lenders appear to take these into account when deciding how much to lendQ I...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103150","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qPI","jetpack-related-posts":[{"id":4412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-failed-to-get-a-mortgage-because-of-my-pension-contributions\/","url_meta":{"origin":103150,"position":0},"title":"I failed to get a mortgage because of my pension contributions","date":"May 7, 2015","format":false,"excerpt":"\r Do all banks and building societies take pension contributions into account when deciding whether to approve a mortgage?Q I recently applied for a mortgage and passed the \u201cagreement in principle\u201d and valuation stages but was knocked back at the affordability check for the amount I needed. The reason? I\u2019m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-payers-making-big-changes-to-meet-higher-payments-survey-finds\/","url_meta":{"origin":103150,"position":1},"title":"UK mortgage payers making big changes to meet higher payments, survey finds","date":"September 28, 2023","format":false,"excerpt":"\r Britons are raiding savings or cutting pension contributions, KPMG study findsMortgage holders are making big changes to their finances \u2013 from cutting pension contributions to downsizing \u2013 to cope with dramatically higher monthly payments, a new survey shows.Faced with either the immediate reality of higher mortgage costs or the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fake-payslips-that-cheat-the-banks\/","url_meta":{"origin":103150,"position":2},"title":"Fake payslips that cheat the banks","date":"November 15, 2009","format":false,"excerpt":"\r It's easy to buy forged payslips that many banks take at face value. All you need is a false national insurance number, an imaginary salary and \u00a350 and that mortgage could be yoursFake payslip websites that make it startlingly simple for borrowers to commit mortgage fraud are flourishing despite\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-expert-just-group-weighs-options-ahead-of-mortgage-rule-crackdown\/","url_meta":{"origin":103150,"position":3},"title":"Pension expert Just Group weighs options ahead of mortgage rule crackdown","date":"September 6, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Pension expert Just Group weighs options ahead of mortgage rule crackdown","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-green-arcadia-will-double-pension-fund-contributions\/","url_meta":{"origin":103150,"position":4},"title":"Philip Green: Arcadia will double pension fund contributions","date":"March 5, 2017","format":false,"excerpt":"\r Owner of Topshop, Dorothy Perkins and other retailers will increase payments to \u00a350m a year, after deal reached over BHSSir Philip Green has agreed a deal to pump as much as \u00a350m a year into the pension fund behind his fashion business, Arcadia, to plug a growing deficit, just\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-wriggled-out-of-pension-contributions-for-10-years-say-mps\/","url_meta":{"origin":103150,"position":5},"title":"Carillion 'wriggled out' of pension contributions for 10 years, say MPs","date":"January 29, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Carillion 'wriggled out' of pension contributions for 10 years, say MPs","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103150"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103150"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}