Retirement Interest Only (RIO) POA Mortgage - Fixed
Initial rate
3.17% (fixed)
Then reverting to our SVR
5.39%
Product period
31.03.2024
Arrangement fee
£999
LTV rate
50.00%
APRC
5.10% APRC
Decision in Principle referrals will be looked at within 2 working days.
New and Existing Applications - Our processing and underwriting team are working at 5 working day SLAs due to the high volume of applications we are experiencing.
You are required to provide a full packaged case upon submission of the full mortgage application. Please bear with us and you will receive an update when your application is being reviewed. Please do not call or email our processing team for an update unless you are outside of this 5 working day timeframe.
Our retirement mortgage range allows flexibility for retired borrowers in later life.
Our retirement interest-only (RIO) mortgage is only available to retired borrowers on an interest only basis, with the loan being repaid by sale of the property on a set life event. They are for an open ended term.
N.B. The POA product requires a Power Of Attorney to be in place for contact reasons.
*Overpayments of up to 20% per annum are allowed without penalty.
PLEASE READ THE GUIDANCE NOTES BEFORE SUBMITTING A CASE
In addition, please print off a copy of our Supplementary Sheet for your customer.
3.17% (fixed)
5.39%
31.03.2024
£999
50.00%
5.10% APRC
3.37% (fixed)
5.39%
31.03.2024
£999
50.00%
5.20% APRC
2.89% (variable)
5.39%
3 Years
£499
50.00%
4.30% APRC
3.19% (variable)
5.39%
3 Years
£499
50.00%
4.30% APRC