Company Pension and Mortgage

C

Chris2014

Registered User
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I'm with a company nearly a year and have been saving for a mortgage since day 1.

~100k Mortgage with 10k deposit

I now have the deposit and have been advised by EBS to apply and given the forms.

My company have made me aware that i can join the pension scheme but up until now the plan was to join after i reduced my rent and savings with a mortgage.

Does it look a lot better on a mortgage if i'm paying into a pension or putting the same amount towards savings for a deposit? Currently saving 450 a month. Option would be to change to 350 and 100 pension.

Thanks
 
Better to save it. Paying a pension reduces your net income so that reduces your borrowing capacity.

You can get your mortgage\house sorted and then start a pension later on.
 
I'm with the great philosopher on this one... but don't put providing for your pension on too long a finger!
 
I suspended my AVCs during the application process but kept the money aside and when the mortgage had been drawn down I made a single AVC to catch up.
 
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