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What type of mortgages does the Pension Board offer?
Both Interest Only and Table mortgages are available. The maximum term for a table mortgage is 25 years. Interest only mortgage terms are renewed
every 3 to 5 years.Who can apply for a Pension Board mortgage?
Anyone may apply for a Pension Board mortage.How much will the Pension Board lend?
The Pension Board will lend up to 80% of a registered valuation or purchase price of a property whichever is less. Lending amounts vary for
land and business property.Is there an application fee?
There are no application fees for non-commercial mortgages. However, all valuation costs and lawyer's fees for both the applicant's lawyer and the Pension Board's lawyer must be covered
by the applicant.What is the application process?
Applications for a Pension Board mortgage can be found here. Completed applications along with a valuation should be returned to the
Pension Board office. Applications take 5 to 7 working days to process and you should factor this in when setting a settlement date. Is more information available?
Mortgage information packets are available upon request by contacting the Pension Board offices. What are the current Pension Board interest rates?
Online Mortgage Account information
Click here to view your mortgage account details online. |