Pension Linked Mortgage Repayment
An Interest only mortgage repaid by an Pension fund.
Pension mortgages are a tax-efficient method of funding a mortgage. Under current tax law, you will get tax relief on pension contributions and your pension fund grows virtually free of tax. This does mean that you will not repay your mortgage until you reach retirement age, and it must be remembered that funds need to be large enough to provide a good pension too.