Retirement Interest Only Mortgages | Guernsey
Our Retirement Interest Only (RIO) mortgages are available to those aged 55+ on an interest only basis. If you’re retired and looking to raise additional funds, our range could be right for you.
RIO mortgages are different from Retirement mortgages. A RIO mortgage has no maximum term; you’ll need to maintain the monthly interest payments throughout the mortgage term and the capital you borrow will only be repaid when a life event occurs, for example, going into long-term care or passing away.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE