Petition Allow funds to be drawn from individual pension strictly for mortgage purpose.

When i calculate the amount of equity i could have gathered in a mortgage instead of renting, it is truly heart breaking. But getting a mortgage hasn't gotten much easier. Even with available schemes.

Quite frankly, saving in the current economic state is mission impossible.

More details

However, if i was allowed to draw funds from my personal pension pot, i can get on the property ladder quicker, stop loosing money by renting versus paying to own my property. This will also mean i can continue to contribute to my pension pot(possibly at a higher rate) and begin to pay off my mortgage and gather equity.

There is no guarantee that we will live long enough to enjoy our pension but we can live in the now and present. I am positive that this will resonate with many others too.

This petition closed early because of a General Election Find out more on the Petitions Committee website

7 signatures

Show on a map

10,000

Date closed 6 November 2019
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.