Hi,

Im self employed and due to recent divorce have been left without much of a deposit to get back on the housing ladder. I thought I read somewhere recently that the government were looking into the possibility of letting people release some of the cash in their pension schemes to act as a deposit when buying a house. Does anyone know anything about this or any other scheme.

A little-known legal pension loophole means many older homeowners could raise substantial sums from equity release and still qualify for state benefits.
People aged 65 and over who receive Pension Credit are normally granted what is officially known as an 'assessed income period'. This usually lasts for five years and during this time they do not need to report changes to their financial situation that might normally be expected to affect benefit en_title_ment.

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