55+ RIO Mortgage
Date of changes: 3rd July 2018
As of 3rd July we will be increasing the maximum loan available on the 55+ and 55+ RIO TO £1,000,000. We’ll also reduce the minimum equity requirement on our 55+ from £150,000 to £100,000.
The changes will apply to all new business received on or after the 3rd July, if you have a case at new business stage already with us and you want to make changes in line with this announcement give us a call on 0800 731 4076.
The 55+ and 55+ RIO Mortgages are interest only residential mortgages with a maximum LTV of up to 60% available from age 55. news
Affordability is based on income both pre and post retirement, for more details click here.
Both products offer:
- A choice of 2 & 5 year rates from 3.35%
- Overpay by up to 10% from day 1
- 2 & 5 year ERC’s based on product chosen
For more information on the 55+ and 55+ RIO Mortgages click here.
Got a question?
Contact our Adviser support team for more information on 0800 731 4076 or request a call back on our homepage.