The Standard Interest‑Only Mortgage is available from age 50 for people who are working or retired. Monthly payments cover interest only, and you choose the mortgage term. All borrowing is income‑assessed for the full term.
When It May Suitable
- Buying a new home
- Remortgaging an existing loan
- Releasing money for home improvements, lifestyle needs, or helping family
- Staying in their home short‑term before downsizing or receiving an inheritance
- Supporting IHT planning or wider wealth management
- Acting as a bridge for clients who don’t yet qualify for a RIO or Lifetime Mortgage
Minimum Equity
You must hold enough equity in the property to meet our minimum equity requirements by the end of the mortgage term.
