Minimum Property Value for Retirement Interest Only (RIO)

Our standard acceptability

90000

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so if we have a minimum property value requirement.

Policy Notes:

The Society's standard minimum property value is £75,000, however, RIOs have a maximum LTV of 50% Therefore, the effective minimum property value for RIOs is £90,000

Criteria categories:
  • general
  • Property

Last updated:

29 August 2018

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