Retirement Interest Only (RIO) Joint Applicants First Death Affordability Assessment: Life Cover

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 Retirement Interest Only (RIO) mortgages and if so can we consider life cover 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.

Outside Notes:

Warning Notes:

Criteria categories :
  • affordability assessment
  • Policy
Criteria topics :

Last updated:

29 August 2018