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Yes, participants in the 1199SEIU Retirement Fund can borrow from their account under certain conditions. Typically, loans are allowed for specific purposes, such as purchasing a primary residence or covering financial hardships. It’s important to check the fund's specific rules and guidelines, as there may be limits on the amount and repayment terms. Always consult the fund's documentation or a representative for detailed information.

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2mo ago

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Can you grant yourself a mortgage with funds from your own drawdown pension as a way of buying an investment property?

No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.