Residential Mortgages

Affordability Calculator

Based on your client’s income and expenditure, you can estimate the loan amount that your client could be eligible for.


The 50+ Mortgage is an interest only fixed term, resi mortgage available from age 50 with a maximum term to age 95. At the end of the term a repayment vehicle such as downsizing is required to repay the capital.

The RIO Mortgage, also an interest only resi available from age 50 and has no end date. The capital is repaid upon death or entry into long term care.

The 50+ Mortgage requires minimum equity of £100,000 whereas the RIO Mortgage has no minimum equity requirement.

With loans from £20,000 the minimum property value for 50+ Mortgage is £120,000, for the RIO Mortgage  it’s £100,000 due to us not needing £100,000 minimum equity.

Yes. The interest must be paid each month.

For the 50+ Mortgage there must be sufficient means to repay the loan capital at the end of the term. This could be through sale of property (main residence or 2nd home) or cashing in investments or assets.

For the RIO Mortgage, the capital is repaid on death or entry into long term care. Downsizing Protection is available for our 55+ RIO Fixed for Life product (please see our Product Summary for more details).


We can lend a maximum of 70% LTV on both mortgages with loans from £20,000 to £1,500,000 (if you want to obtain a loan over this amount please refer to us by calling 0800 138 9109).

The final amount we’ll lend is based on our assessment of your client’s ability to afford the loan. We’ll look at employment income (including self-employed) and retirement income that’s currently being paid, or forecast to be paid upon retirement.

We’ll also look at outgoings including any loans or financial commitments already in place.

For the 50+ Mortgage, we must be satisfied that the repayment vehicle chosen (options are sale of home, cash in of investments or assets) is of sufficient value to repay the loan at the end of the term.

For the RIO Mortgage, the capital is repaid on death or entry into long term care.

As a responsible lender, we look at providing mortgage loans that remain affordable now and in the future.

We review the SVR regularly. The SVR may change to reflect changes in the Bank of England base rate or due to our funding or administration costs, economic effects and the impact of new laws or regulations. If it changes, we’ll provide reasonable notice.

The loans can be repaid at any time; however, an early repayment charge applies in the first five years for five-year fixed rates, the first two years for two year fixed rates and the first eight years for ten year and Fixed for Life fixed rates.

See our product summary for full details.

During any initial fixed rate or discount period, overpayments of up to 10% can be made off the capital without incurring early repayment charges.

Our 50+ Mortgages are portable so can be transferred with a house move. The costs involved in transferring are the responsibility of the borrower, and the new property must form suitable security for the mortgage.

Paying interest on the loan could impact future income levels needed to fund retirement. We encourage you to discuss retirement plans with your client to ensure changes to circumstances can be accommodated.

Our 50+ Mortgages are not equity release lifetime mortgages. They don’t fall within the remit of the Equity Release Council’s product standards. This means they do not offer the safeguards traditionally associated with equity release products.

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