Curious about the potential?

Retirement Interest Only (RIO) mortgages are designed so borrowers can use the sale of their home as a repayment strategy to repay their mortgage balance when they die or move into long-term care. Unlike a Lifetime Equity Release mortgage, the interest doesn’t roll up on a RIO mortgage, meaning that customers have certainty of the amount to be repaid when the mortgage ends. Customers must be able to maintain the interest only payments throughout the life of the mortgage.

Who’s ready for RIO?

A mortgage that works for a range of customers. RIO provides more choice for older borrowers who have reliable retirement incomes.