Maximum Term (Years): Retirement Interest Only (RIO)

Our standard acceptability

No Maximum

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what is the maximum term for Retirement Interest Only (RIO) applications. Lenders do not have to set a fixed term for the mortgage and so the repayment date can be when the borrower dies or goes into care, as with Lifetime Mortgages.

Policy Notes:

Family Building Society does not have a maximum term. Please see our minimum and maximum age policy.

Criteria categories:
  • general
  • Policy

Last updated:

29 August 2018