Retirement Interest Only Mortgages

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Retirement Interest Only Mortgages provide access to the wealth tied up in your home whilst enabling you to maintain interest repayments. 

If you are considering enjoying the benefits of raising money from your home, we can compare your options from all providers whilst also ensuring you secure the best possible plan. 

The interest is repaid monthly to maintain control of the amount owing and to preserve equity for an inheritance- or downsizing, for instance. 

Retirement Interest only mortgages require sufficient retirement income in order to service the interest. 

As part of our comparison service we will provide you with your full range of options available to you from the over 55s mortgage marketplace. 

Request your quotes today & we will search the market for you. 

Have any questions? Get in touch with an expert

0800 2465228

Worried your interest-only mortgage is ending?

Many people are settled in their homes and do not wish to move home.

Your current  lender will have most likely written to you asking how you plan to  repay your mortgage.

There can often be a large lump sum to repay. This can cause stress and worry that the mortgage cannot be repaid.

There are options when your interest only mortgage term ends.

Request Your Mortgage Quotes And Access Your Free Home Valuation & Review With An Expert. 

0800 2465228



What actually happens wen my interest only mortgage ends? 

Your lender will write to you requesting you arrange a repayment strategy. Many people are settled in their homes and do not wish to downsize. There can often be a large lump sum to repay. This can cause stress and worry that the mortgage cannot be repaid. 

  • What can I do if I don’t want to move home and I don’t have (or wish to use) other assets?

 Good news, there are special mortgages designed for retirement years called lifetime mortgages. 

You can explore all your remortgage options with Compare My Equity.

Request Your Mortgage Information Below & Enjoy Financial Security For Life. 

Request Your Mortgage Quotes And Access Your Free Home Valuation & Review With An Expert.

0800 2465228

We can save you money with exclusive plans through our independent equity release advisers who have highly rated equity release reviews across the industry

            Request Your Quotes & Receive Your FREE Initial Mortgage Review With An Expert!

Retirement Interest only Mortgages & RIO Mortgages

Retirement Interest Only, or RIO Mortgages enable the over 55’s to safely access the money tied up in your home, known as the Equity. This wealth has gradually built-up as house prices have increased over the past few decades, making your home a financial asset.

Whether you wish to extend your mortgage term or raise cash to help live the retirement you deserve, these plans provide a greater range of options then traditional mortgages and can be arranged on an interest only basis, to maintain control of the equity released. 

Importantly, since this equity can be taken out tax-free, the mortgages provide an attractive & economical method of raising cash to enjoy and enhance your quality of life with a cash injection using a RIO mortgage. 

Retirement Interest Only Mortgage Interest Rates

Interest rates on RIO plans can be arranged over a 2, 5 or 10 year basis.  

We search all providers to find your best retirement interest only lifetime mortgage plan and assist with answering all your questions and providing advice. 

You can continue to enjoy your home in the years to come, whether you choose to make payments or not. 

You retain full home ownership & security for life. We help you find the best retirement interest only mortgage provider and plan, and we have access to all lenders to secure your best deal. 

Use Your Equity For Any Purpose

Boost finances with a retirement interest only scheme 

Gifting money to family with a retirement interest only  mortgage

retirement interest only  mortgage can be used to repay your current mortgage

Carry out Home Improvements with a retirement interest only  mortgage

RIO Mortgages VS Equity Release




What’s the difference between RIO Mortgages & Equity/Lifetime Mortgages?

Retirement interest only, or RIO mortgages are based on your income and affordability, whereas equity release/lifetime mortgage plans are not. RIOs tend to be over a shorter fixed interest rate term and lifetime mortgages are over your lifetime. 

Equity release lifetime mortgages provide greater protection since you cannot default on repayments- as these are voluntary. RIOs have mandatory fixed payments meaning your home could be repossessed if you do not maintain payments. 

RIO mortgages are not all protected by the equity release council codes of conduct, therefore some people find lifetime mortgages to be more suitable for longer term security; as you do not need to repay the interest with a lifetime mortgage and it can be left to run for your lifetime so they can offer more flexibility. 

Retirement Interest only plans can offer a higher level of borrowing- making this route more favorable in certain circumstances if a larger mortgage needs repaying. 

However retirement income is a requirement for these plans so this must be sufficient to support the borrowing required.  

We compare all providers, interest rates and mortgage options to provide you with the most suitable quotation and we also provide access to expert advice to ensure you secure the best possible outcome for your requirements. 

Are Retirement Interest Only Mortgages safe?

All UK lenders are all fully regulated by the financial conduct authority (FCA) for your protection. 

How do I find the most suitable option for me to release my equity?

Understanding your options and suitability is important to making the best decision for you.

We can put you in touch with an expert who will review and assist with this process.

The specialist broker we put you in touch with operate a zero-pressure policy, and will answer all your questions to ensure you are fully informed with no commitment.

Do I have to sell my home?

You maintain 100% full home ownership for the rest of your life, or joint lives where applicable.

Importantly, you can still move home if you wish and repay or move the mortgage with you. 

Can I use my equity for early Inheritance or for tax-planning?

A retirement interest only mortgage can be used for estate planning purposes. When you request your quotes, we will put you in touch with an expert adviser to discuss this in more detail.