We are pleased to announce that our network members now have access to the new Legal and General Home Finance Retirement Interest Only Mortgage (RIO).
The latest RIO mortgage is available to those with a minimum property value of £100,000 and homeowners can borrow up to 60 per cent of the value of their home.
What are the key product features?
We have included a summary of the key features below;
- Up to 60% LTV;
- Up to £30,000 for debt consolidation;
- Fixed interest rate for life;
- Clients can port their outstanding mortgage to another property (subject to product criteria);
- Fixed early repayment charges. Full ERC details can be accessed here.
Product resources
Legal and General’s marketing team have developed a wealth of useful materials, including guides to help you better understand the new product and handy templates to save you some time when communicating with your clients.
- RIO product homepage
- RIO product overview
- Questions and answers
- Application process
- OPLM & RIO factsheet
- Marketing templates
For more information you can visit the Legal and General Home Finance website here.
