Retirement Interest Only (RIO) Joint Applicants First Death Affordability Assessment: Benefit Income

Our standard acceptability

Does not offer RIO Mortgages

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 RIO mortgages and if so, can consider benefit income when assessing their ability to maintain the ongoing mortgage. 

Policy Notes:

Family Building Society does not offer Retirement Interest Only (RIO) mortgages at this time.

Criteria categories:
  • affordability assessment
  • Policy

Last updated:

29 August 2018

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