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Using Pension for mortgage

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  • 28-09-2020 9:39am
    #1
    redmgar
    Registered Users Posts: 680 ✭✭✭


    Hi,

    Is it possible to use some of a company pension (which you have left) to gather the 20% (2nd time buyer) for a mortgage deposit.


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    #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,639 Mod ✭✭✭✭Henry Ford III


    redmgar wrote: »
    Hi,

    Is it possible to use some of a company pension (which you have left) to gather the 20% (2nd time buyer) for a mortgage deposit.

    You can't claim retirement benefits until age 50.


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    #3
    redmgar
    Registered Users Posts: 680 ✭✭✭redmgar


    Henry Ford III wrote: »
    You can't claim retirement benefits until age 50.
    Ok, Cheers. DO you know if that is in all circumstances?


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    #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,639 Mod ✭✭✭✭Henry Ford III


    redmgar wrote: »
    Ok, Cheers. DO you know if that is in all circumstances?

    Yes.


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    #5
    The J Stands for Jay
    Registered Users Posts: 5,669 ✭✭✭The J Stands for Jay


    redmgar wrote: »
    Ok, Cheers. DO you know if that is in all circumstances?

    Certain types of pension are able to pay out if your expected to die soon. But then you won't be able to get a mortgage....


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