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Later Life Lending
Later Life Lending
Later life Mortgage products are specifically aimed at those, approaching or already in retirement, who are looking to release funds from their home.
Lifetime Mortgages
Retirement Interest Only Mortgages (RIO)
Retirement Interest Only Mortgages (RIO)
Whether you're looking to do some home improvements, pay of an existing mortgage or raise money to gift to a family member a Lifetime Mortgage could be for you. Available to those 55 and above, a life time mortgage is a loan secured against your home that allows you to release funds without needing to sell, with no repayment required until you die or move into long-term care.
Retirement Interest Only Mortgages (RIO)
Retirement Interest Only Mortgages (RIO)
Retirement Interest Only Mortgages (RIO)
Available to those aged 55 and over, a Retirement Interest Only Mortgage is a loan secured against your home of which you pay the interest each month. Furthermore you do not have to make any repayments on the loan until you, or the last remaining borrower, die or move into long term care. The loan can be used for all purposes including home improvements and Paying off an existing Mortgage.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON AY LOAN SECURED AGAINST IT
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