Frequently Asked Questions

A retirement interest-only mortgage allows older homeowners to borrow against their property while making monthly interest payments, with the loan typically repaid later in life.

Yes. RIO mortgages require regular monthly interest payments, which must be affordable over the long term.

Yes. Retirement interest-only mortgages are regulated, and advice from an FCA-regulated adviser is required before proceeding.

The mortgage is usually repaid when the homeowner passes away, moves into long-term care, or sells the property.

For some homeowners, a RIO mortgage may be an alternative to equity release. For others, different later-life options may be more suitable depending on circumstances.