Re: Withdraw money from Pension for Property Investment
Re-hashing and changing tack slightly...
We used our pension as part of the 20% to buy our current appartment back in 2009. We're planning to build a house, but first need to sell our appartment to do so. In order for a bank to agree to a construction loan and bridging loan (we don't have the necessary 10% for the construction loan), we have to have a vente a terme agreed and signed for. The question is, can we use our pension again to get the construction loan, on the condition we pay it back immediately on sale of our appartment?
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