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Compare-RIO-994x437pi-150dpi

Compare all Retirement Interest-Only (RIO) mortgages

See all our RIO mortgage products at once or select two to compare side by side.

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Sort:
Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

3.49% 5 year fixed rate Retirement Interest-Only

3.49% 4.39% 4.2%APRC
  • Interest-Only
50% £999~

£500 cashback for remortgages^

Overpayments allowed

Some key features of this mortgage

  • Purpose - RIO applications for purchase, remortgage, product switch and further advance
  • Loan to Value - Maximum 50%
  • Application Fee - £175 + Valuation Fee for purchase and remortgage. (£125 for further advance, £0 for switch)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance and switch)
  • ~Product Fee - £999 for loans up to £500,000. For loans above £500,000 0.3% of the loan amount. (£0 for further advance and switch)
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
  • Additional benefits:
    - ^Cashback - £500 on completion for remortgage applications
  • Early Repayment Charges -  5% until 31/01/2023, 4% until 31/01/2024, 3% until 31/01/2025, 2% until 31/01/2026 1% until 31/01/2027
  • Additional criteria – The mortgage must complete by 01/02/2022. Borrowers are required to nominate a Registered Contact when they apply

See full details for fee details, documents you'll need, and more.

Comparing two mortgage products

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Overall cost for comparison DYNAMIC DYNAMIC
Repayment or Interest-Only? DYNAMIC DYNAMIC
Max % loan to value (LTV) DYNAMIC DYNAMIC
Product fees DYNAMIC DYNAMIC
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Note that products are subject to additional terms and subject to change. See a product's full details to find out more.

 

Think that a Retirement Interest-Only mortgage could be for you?

We want to help you onto the next stage. Contact our dedicated New Business Team:

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Do you already have a mortgage with us?

If you want to borrow more or switch to another mortgage product we have a range of mortgage products available.