Product News – Positive changes to 55+ & 55+ RIO Criteria

News

Products affected

55+ Mortgage
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.


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