Retirement Interest Only (RIO) Mortgage - Fixed
Initial rate
6.37% (fixed)
Then reverting to our SVR
8.79%
Product period
Five years
Arrangement fee
£999
LTV rate
60.00%
APRC
8.30% APRC
System Maintenance:
Our systems will be temporarily closed for a service upgrade starting at 12:30pm on Friday 8 December. The systems will reopen at 09:00am on Monday 11 December.
During this period you won’t be able to access our online services or update any mortgage applications.
Our teams will still be available by phone as usual, but will not be able to process any cases.
We apologise for any inconvenience - we’ve worked hard to keep these timeframes to a minimum and we thank you for your patience.
Temporary closure
We will be closed from 2pm on Friday 15 December to ensure our staff are able to attend essential training. We will be open as usual on Monday 18 December.
We apologise for any inconvenience this may cause and thank you for your understanding.
This product allows flexibility for borrowers in later life. 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.
Product Details
N.B. The POA product requires a Power Of Attorney to be in place at completion, 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.
6.37% (fixed)
8.79%
Five years
£999
60.00%
8.30% APRC
6.27% (fixed)
8.79%
Five years
£999
60.00%
8.30% APRC
5.79% (variable)
8.79%
Two years
£499
60.00%
8.70% APRC
6.09% (variable)
8.79%
Two years
£499
60.00%
8.70% APRC