Analysis: Paying the mortgage from a pension

Research recently published by Equifax suggests 42% of 61-70 year-olds still have a mortgage of some kind to repay – albeit one in eight (12%) have taken out a lifetime mortgage - and with increasing economic pressures and housing affordability, industry commentators suggest the number of people who still hold mortgages into retirement is expected to increase. But advising clients on the type of mortgage they should hold and how to deal with repayments is therefore a little more complex, points out Mark Reidy, sales manager at Moneyquest, and needs additional information to prove borrowers...