RIO MORTGAGES

RETIREMENT INTEREST ONLY MORTGAGES

 

RIO IS A NEW TYPE OF MORTGAGE THAT WE CAN HELP LATER-LIFE BORROWERS WITH

"RIO" or Retirement Interest Only mortgages, are a relatively new addition to the mortgage market, and come as good news to older borrowers who may not have been eligible for interest-only mortgage loans before now.

 

Although targeted at later-life borrowers, it's important for us to highlight that a RIO mortgage isn't the same as a lifetime (or equity release) product because the interest payable isn't rolled up. A monthly payment is made for the interest, having the effect of preserving the outstanding equity in your home. Please note that Experts 4 Mortgages doesn't currently offer an advice service for equity release products, but we can of course offer advice on the RIO market should you wish to explore the possibilities.

 

Whether you are coming to the end of your current mortgage and need to re-finance, or would like to raise funds for home improvements, contact Experts 4 Mortgages for impartial advice. As with all mortgages, we source products from the whole-of-market, finding you the best deal for your circumstances.

Typically, we do not charge a fee for arranging a mortgage, however the actual fee will depend on your circumstances and will not exceed £395. Experts 4 Mortgages is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Proprietor: Daniel McLardy

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

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