This website contains details of mortgage products for properties in Guernsey. View our UK site here

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Mature man looks at RIO mortgage rates with Marsden Building Society in Guernsey on his phone.

Our RIO range in Guernsey

Published on: 25 January 2021


If you’re over 55 and looking for an alternative to equity release, you may be interested in our Retirement Interest Only (RIO) range. Available exclusively through SPF Private Clients for Guernsey residents, a RIO mortgage could be suitable if you wish to remain in your home with no plans to downsize.

RIO mortgages are available on an interest only basis and have no maximum term. This means you’ll need to be able to maintain the interest payments throughout the mortgage term, but you won’t pay back the capital loan itself until a life event occurs, for example going into long-term care or passing away.

A RIO mortgage could be suitable for those looking to release funds from their property for a variety of reasons such as helping children onto the property ladder or home improvements*. Because you are paying the interest off your loan monthly, there is no interest roll-up which means the amount repayable when the life event occurs will be the cost of the original loan, helping to protect the remaining equity in your property.


You could be eligible for a RIO mortgage if;

  • You’re looking to borrow at least £30,000
  • Your property is worth at least £200,000
  • You want to borrow a maximum of 55% of your property value
  • Minimum income £17,500 (individually if applying for a joint mortgage)
  • At least one applicant is aged 55 or over

Your advisor at SPF will be able to talk you through our range of RIO products and discuss your requirements. You can get in touch with SPF by calling 01481 715234 or emailing

Alternatively, we offer Retirement Mortgages for those aged 55 or over looking to purchase or remortgage. Available on an interest only or repayment basis, our Retirement Mortgages work just like a conventional mortgage; however, they’re available to applicants aged 55 to 85. You can view our products and find out more on our Retirement Mortgages page.

*Depending on the amount of the loan advance, documented evidence may be required to support the loan purpose.