Retirement Interest Only Mortgages
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 retired 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. You’ll need to be able to afford the monthly interest payments throughout the mortgage term but our expert team of advisors are available to discuss your circumstances in more detail and advise whether our range is right for you.
View our range of RIO mortgages below or get in touch on 01282 440537* to discuss your requirements.
Discount rate mortgages
| Product type | Initial discount rate | Follow-on variable rate | Reverting to SVR | Overall cost for comparison (APRC) | Max LTV | Fees | View |
|---|---|---|---|---|---|---|---|
| Discount DSD067 | 1.69% to 31.08.24 | 4.50% to 31.08.27 | 5.99% | 5.20% | 55% | £0 | Details |
Fixed rate mortgages
| Product type | Initial fixed rate | Follow-on variable rate | Reverting to SVR | Overall cost for comparison (APRC) | Max LTV | Fees | View |
|---|---|---|---|---|---|---|---|
| Fixed FXD807 | 2.59% to 31.08.24 | 4.50% to 31.08.27 | 5.99% | 5.50% | 55% | £0 | Details |
| Fixed FXD808 | 2.99% to 31.08.27 | N/A | 5.99% | 5.30% | 55% | £0 | Details |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE