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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.

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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% 4.2APRC
  • 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. See ‘more downloads’ for product switch and further advance fees
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees
  • ~Product Fee - £999 for loans up to £500,000. For loans above £500,000 0.3% of the loan amount. See ‘more downloads’ for product switch and further advance fees
  • 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 30/09/2022, 4% until 30/09/2023, 3% until 30/09/2024, 2% until 30/09/2025 1% until 30/09/2026
  • Additional criteria – The mortgage must complete by 01/11/2021. Borrowers are required to nominate a Registered Contact when they apply

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

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Comparing two mortgage products

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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?

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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.