Retirement Interest Only (RIO) Joint Applicants First Death Affordability Assessment: Benefit Income
Our standard acceptability
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 RIO mortgages and if so, can consider benefit income when assessing their ability to maintain the ongoing mortgage.
The Society will not take into account income from benefits.Criteria categories:
- affordability assessment
29 August 2018