Retirement Interest Only

Our Retirement Interest Only (RIO) mortgages could be an alternative to equity release. Available to those aged 55+ on an interest only basis, if you’re approaching retirement and looking to raise additional finance, our range could be right for you.

Unlike a 55+ Retirement Mortgage, a RIO mortgage has no maximum 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. Our expert mortgage team are available to discuss your circumstances in more detail and advise you on whether our range is right for you.

The Bank of England recently announced a reduction in its base rate as part of its ongoing response to the Coronavirus pandemic. As a result, we've made some changes to our Standard Variable Rate (SVR) which can be found here. We are still looking at what this means for our new mortgage products and have subsequently withdrawn them until further notice.