Retirement Interest Only (RIO) mortgages may be self-explanatory and can be beneficial to those looking to obtain a mortgage in retirement, when income may be lower. However, what are the benefits of taking a RIO mortgage? And when is the right time to switch to RIO from standard Residential mortgages?
In this panel discussion, we’ll be joined by lenders who specialise in RIO mortgages, to focus on ‘who’s right for RIO?’ and the ways that you can support your retired clients to get the mortgage that’s right for them.
Danny Belton, Head of Lender Relationships at Legal & General Mortgage Club, is joined by Alison Pallett from LiveMore, and Tom Molloy from Mansfield Building Society