It's Free to Speak to an Advisor, 7 days, 8am - 10pm
7 days, 8am-10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
7 days, 8am-10pm
Speak with a retirement interest-only mortgage specialist – It’s Free!
Please complete the form accurately so that we can get a better picture of your financial situation.
Speak with a retirement interest-only mortgage specialist – It’s Free!
Please complete the form accurately so that we can get a better picture of your financial situation.
Secure a retirement interest-only mortgage tailored to your needs and aspirations. A mortgage broker can provide invaluable support by offering:
When you choose a mortgage broker like us, you’re not just getting a retirement interest-only mortgage – you’re partnering with a dedicated team to support you every step of the way.
Here’s how we make securing a mortgage simple and stress-free:
Our Customers Love Us
2000+ 5-Star Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
3 days ago
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
2 weeks ago
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
2 weeks ago
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
1 month ago
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
1 month ago
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
1 month ago
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
1 month ago
Our team is on hand to provide support and advice whenever you need it.
Get started with expert advice at no cost to you.
Trusted specialists adhering to the highest industry standards.
Our priority is finding the best mortgage to suit your needs.
Transparent guidance you can rely on, every step of the way.
Access a wide range of deals to suit your individual circumstances.
Expertise and knowledge to guide you through any situation.
Support at every stage of your mortgage journey, from application to completion.
A retirement interest-only (RIO) mortgage allows borrowers to pay only the interest on their loan each month, with the remaining balance repaid when the property is sold, usually after the borrower passes away or moves into long-term care
This type of mortgage can be a flexible option for retirees looking to keep monthly payments low.
Our mortgage advisors can guide you through the process and help you find the right lender
The best mortgage for pensioners depends on individual circumstances, such as income, age, and financial goals.
Options include standard repayment mortgages, retirement interest-only mortgages, and equity release products.
A mortgage broker like us can assess your unique situation and recommend the most suitable mortgage product to meet your needs.
Yes, it is possible to use a retirement interest-only mortgage to buy a new property, but you will need to meet the mortgage lenders’ eligibility criteria and prove you can afford the monthly interest payments.
A retirement interest-only mortgage is available for older customers looking to move home, buy a new property to live in or to capital raise via a remortgage.
Yes, you can leave an inheritance if you have a retirement interest-only mortgage, although the value of your estate will be smaller.
Yes, a retirement interest-only mortgage can be in both sole and joint names.
If in joint names, the income assessment will be based on the lower earner to endure that they are able to meet the monthly interest payments on their own.
Providing that all monthly payments are met, the second survivor will be able to stay in the home until they die, sell or go into long term care.
The main benefit of a retirement interest only mortgage is that is provides a fantastic solution for older borrowers looking to purchase a new home or unlock tax free cash from their homes.
Previously, only an equity release mortgage product was available to older clients, nowadays, there’s been an influx of new lending products into the market allowing more choice.
Another benefit of a retirement interest-only mortgage that they offer an older borrow a chance to keep their monthly payments to a minimum by only paying the interest. The loan amount will stay the same throughout the mortgage unless any agreed overpayments are made.
The later life lending market is a minefield and speaking to a trusted independent mortgage broker like us will prove invaluable. We’ll recommend the best mortgage product for you based on your personal situation.
Regulatory Information
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk
Trusted by 1000s
of Customers
UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
