If your clients are looking for mortgage lending into later life, we can help. 

Our Retirement Interest Only (RIO) Mortgages 

Our RIO product range allows your client to use the sale of their property as their repayment strategy, providing they have a minimum of 40% equity in the property. 

In contrast to our lending into retirement products, our RIO mortgages have no fixed term, and can run until a lifechanging event occurs. 

if your client wishes to gift some equity to a family member, enjoy some holidays, or give their home a face-lift with some home improvements, we can consider applications for these purposes. 

Lending into Retirement Mortgages 

Everyone's needs and circumstances are different. With our lending into retirement products, your clients can borrow up to their 95th birthday, meaning your clients can borrow into retirement or if they are already retired. 

With these products, affordability can be assessed in a number of ways:

1. If the term does not extend past age 79 (for males) of age 83 (for females), then our standard affordability assessment can be applied. 
Please note, if your client has an interest only application you will still need to meet our standard interest only criteria in terms of repayment vehicles. 
2. Where the term extends past these ages, if both applicants are retired but cannot prove affordability in sole name, applications will be considered where there is enough equity available to downsize to a two-bedroom flat/house within 25 miles of the mortgages property. 

Please, use the buttons below to view our full residential mortgage criteria and our residential mortgage product guides. 

Call us today to discuss your case

Speak to our Telephone Business Development Team on 0121 521 4000 or email us and we'll call you back! Alternatively, you can find out who your local Business Development Manager is here.

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Monday - Friday: 9:00 - 17:00
Saturday - Sunday: Closed
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