{"id":4412,"date":"2015-05-07T14:59:08","date_gmt":"2015-05-07T07:59:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-failed-to-get-a-mortgage-because-of-my-pension-contributions\/"},"modified":"2016-02-11T15:29:53","modified_gmt":"2016-02-11T08:29:53","slug":"i-failed-to-get-a-mortgage-because-of-my-pension-contributions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-failed-to-get-a-mortgage-because-of-my-pension-contributions\/","title":{"rendered":"I failed to get a mortgage because of my pension contributions"},"content":{"rendered":"


\nDo 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 paying the relatively high amount of 6% of salary into my pension. The lender viewed this as reducing my disposable income and was concerned that should interest rates rise I may not be able to keep up my mortgage payments. However, my pension payments are entirely voluntary and can be cancelled at any time. So if interest rates rose I would cancel my pension to keep paying my mortgage like any sensible person. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I failed to get a mortgage because of my pension contributions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Do all banks and building societies take pension contributions into account when deciding whether to...<\/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-4412","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\/p75ss1-19a","jetpack-related-posts":[{"id":103150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-stop-pension-contributions-to-get-a-bigger-mortgage\/","url_meta":{"origin":4412,"position":0},"title":"Should I stop pension contributions to get a bigger mortgage?","date":"January 21, 2019","format":false,"excerpt":"\r Most 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\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":4412,"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":114938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-wife-and-i-still-work-what-mortgage-should-we-get\/","url_meta":{"origin":4412,"position":2},"title":"My wife and I still work \u2013 what mortgage should we get?","date":"March 16, 2020","format":false,"excerpt":"\r I already receive two pensions and am due a third and we\u2019re thinking of going for a lifetime mortgageQ I\u2019m a 64-year-old man in full-time employment earning around \u00a355,000 a year. My wife is 59 years old and a self-employed beauty therapist, earning around \u00a37,000 a year. I already\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":4412,"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":12038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-looks-tempting-as-rates-tumble\/","url_meta":{"origin":4412,"position":4},"title":"Buy-to-let looks tempting as rates tumble","date":"April 25, 2015","format":false,"excerpt":"\r Should you be thinking about putting your pension savings into property?Buy-to-let mortgage rates are tumbling \u2013 which is great news for older people thinking about spending some of their newly liberated pension pot on an investment property, but less so for struggling first-time buyers competing with landlords for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-65-and-my-interest-only-mortgage-is-ending-what-can-i-do\/","url_meta":{"origin":4412,"position":5},"title":"I'm 65 and my interest-only mortgage is ending \u2013 what can I do?","date":"July 16, 2018","format":false,"excerpt":"\r I still owe \u00a3112,000 and I want to stay in my house, not sell up to pay it off Q I\u2019m 65 and single and still work part time earning \u00a323,000 a year (\u00a31,560 monthly) on top of my private pension of \u00a3550 and state pension of \u00a3700 (both\u2026","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\/4412"}],"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=4412"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/4412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=4412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=4412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=4412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}