We can offer clients in retirement a standard Interest-Only mortgage right up to the age of 89 when the loan commences!

At Family Building Society, we offer two or five-year fixed rate products on an Interest-Only basis. Standard mortgages can be a better alternative, or a stepping stone, to equity release, and doesn't have the same affordability problems of the RIO.

Our unique Interest-Only criteria:

• We offer Interest-Only mortgages across a range of products including discounted and fixed rates, up to 80% LTV
  
  
• We’ll consider Interest-Only lending even if the repayment vehicle is downsizing. In such cases, the maximum LTV is 70%
  
  
• We’ll also take into account a pension cash lump sum and/or the sale of a second UK home, as well as selected other UK assets as repayment vehicles
  
  
• No minimum equity needed in the property
  
  
• No minimum income
  
  
• We lend up to age 89 at application and do not credit score.
  

Client looking for a standard repayment mortgage?

No problem! We offer repayment mortgages up to age 95 at end of term. We also offer Joint Borrower Sole Proprietor (JBSP) mortgages for those wanting to help family members and reverse JBSP mortgages for those needing help with affordability in later life.