Specialist Later Life Mortgages
We have a range of mortgages available for older borrowers who are looking for something outside our core range.
For those who are looking to enhance their retirement, our Retirement Lifestyle Booster could be suitable, or for those looking for an alternative to equity release, our RIO mortgages could be what they're after. All product information is available on this page.

We have a wide variety of products available for older borrowers. Alongside our specialist later life Retirement Interest Only and Retirement Lifestyle Booster products which you can view on this page, our core mortgage product range is also available to older borrowers.
A reminder of later life proposition for our core range:
- We offer generous mortgage terms for older borrowers:
- Owner Occupier Repayment mortgages – up to a maximum age of 95 at the end of the term.
- Owner Occupier Interest-Only mortgages – up to a maximum age of 89 when the loan commences. - We’ll take into account earned income up to the age of 70 and pension income beyond that. (Age 75 for professionals considered).
- We can also accept rental and investment income that can be evidenced on an SA302.
Retirement Interest Only (RIO) Mortgages
Initial Rate |
Initial Rate Ends |
Follow On Rate |
Max. LTV |
Application Fee |
Product Fee |
Cashback on Completion |
Repayment | Interest Only |
FTB | |
---|---|---|---|---|---|---|---|---|---|---|
3.49% 5 year fixed rate Retirement Interest-Only |
Code XFZ007 | |||||||||
More info | 30/06/2026 | 4.39% | 50% | £175* | £999** | £500^ | No | Yes | No | |
More info
More details, fees & downloads
Criteria A-Z
Check affordability
DIP Request
Illustration Request
Contact your BDM
Online Application
|
This mortgage product has limited funds and may be withdrawn at any time. This type of mortgage is available to applicants aged 65 and over for remortgage of properties in England or Wales.
WHO IS A RIO RIGHT FOR?
- Clients who have an Interest Only mortgage coming to an end and are unable to repay the capital balance, or they are not ready to downsize or move into retirement accommodation.
- Clients who want to release equity from their home but aren't keen on taking an equity release mortgage.
- Clients who want to free up some money to, for example, make home improvements whilst maintaining a comfortable retirement lifestyle.
REQUIREMENTS:
- To apply for a RIO, our Owner Occupier Application Form must be completed along with a registered contact declaration form.
- Your client(s) must be 65 or over and have at least 50% equity in their property. Other than that, our standard owner occupier lending criteria applies.
- Borrowers must continue to make monthly payments for an undefined term.
- For joint applications borrowers must pass a predecease affordability assessment.
- Your clients can find our FAQ's on our consumer website here.
WHAT IS A REGISTERED CONTACT AND WHY DOES MY CLIENT NEED ONE WITH A RIO MORTGAGE?
A registered contact is someone that your client has said they are happy for us to speak to if we can’t get hold of your client to discuss their mortgage.
If we’re able to, we will let your client know that if we don’t hear from them within a certain period, we will speak with their registered contact.
If your client has a RIO mortgage with someone else, each client must have a registered contact, and this is required for the life of the mortgage. Each client can have the same person as their registered contact, but they can’t nominate each other for their registered contact.
The registered contact isn’t responsible for any obligations in respect of the mortgage. We will only give them information about your client's mortgage if we can’t contact them. They won’t be able to transact or make any changes to your client's mortgage.
We explain the registered contacts responsibilities in detail in our RIO registered contact declaration document.
Retirement Lifestyle Booster
Initial Rate |
Initial Rate Ends |
Follow On Rate |
Max. LTV |
Application Fee |
Product Fee |
Cashback on Completion |
Repayment | Interest Only |
FTB | |
---|---|---|---|---|---|---|---|---|---|---|
3.44% 10 year discounted rate at 0.95% Retirement Lifestyle Booster |
Code XDR006 | |||||||||
More info | 10 years | 4.39% | 25% | £175* | £999~ | £500^ | No | Yes | No | |
More info
More details, fees & downloads
Criteria A-Z
Check affordability
DIP Request
Illustration Request
Contact your BDM
Online Application
|
This mortgage product has limited funds and may be withdrawn at any time. This type of mortgage is available to applicants aged 60 and over for remortgage of properties in England or Wales.
To calculate what we may be able to provide for your client, use our Retirement Lifestyle Booster calculator.
Unique Features of the Retirement Lifestyle Booster
Monthly advances
Your client will be paid in the same monthly instalments on the 10th day of each month, for 10 years, unless your client wants to stop earlier. Any existing mortgage is repaid from the agreed loan at the start of the Retirement Lifestyle Booster.
Optional lump sum
We also provide the option for your client to borrow an initial lump sum at the start of their Retirement Lifestyle Booster to use as they wish. This will in turn affect the monthly loan available but provides an additional option for your client.
Repayments
Each month your client will only pay the 'average' interest due over the 10 years duration of the loan, rather than on the increasing balance built up over time. Then your client repays the loan by selling their home and moving somewhere less expensive.
10 year duration
This mortgage has a 10 year term on a discounted variable rate, which means your clients have the same product for the 10 year term. This gives your clients 10 more years of enjoying their home and making the most of their retirement, before deciding to move to a less expensive property.
Criteria checker
Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.
Your Local BDM:
Arif Kara
Your Local BDM:
Michelle Parry-Bunter
Your Local BDM:
Nathan Waller
Your Local BDM:
Grace Bennett
Your Local BDM:
Darren Deacon
Your Local BDM:
Paul Roberts
We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:
- 01372 744155
- 01372 745607
- mortgage.desk@familybsoc.co.uk
Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon
We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.