Mortgage lending doesn't stop at retirement. Retirement Interest-Only (RIO) mortgages let older borrowers release equity or remortgage with no monthly capital repayment - the loan is repaid from the property sale on death or moving into long-term care. We arrange RIO and standard later-life lending, with affordability assessed on pension and investment income.
How RIO works
You pay the interest monthly; the capital is repaid from the property sale when you die or move into long-term care. There's no set term, and affordability is assessed on your pension and investment income. We explain whether RIO or a standard repayment mortgage suits you.
- Interest-only monthly payments
- Capital repaid from property on death/care
- Affordability assessed on pension income
Older borrower standard mortgages
Some lenders extend standard mortgage terms to age 70, 80 or beyond, with affordability assessed on pension income. We compare RIO against standard later-life mortgages to find the most cost-effective route for your circumstances.
- Standard mortgages to age 70, 80 or beyond
- Affordability on pension and investment income
- RIO vs standard mortgage compared
