Retirement Interest Only (RIO) Joint Applicants First Death Affordability Assessment: Other Non Provable Income

Our standard acceptability

Not Acceptable

Criteria definition:

Where a joint application is taken lenders will assess the future means of affordability of the surviving borrower following the death of another applicant. This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so can we consider other non-provable income when assessing applicants ability to maintain the ongoing mortgage.

Policy Notes:

The Society will not accept non-provable income.

Criteria categories:
  • affordability assessment
  • Policy

Last updated:

29 August 2018

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