Retirement Interest Only (RIO) Mortgage - Fixed
Initial rate
6.37% (fixed)
Then reverting to our SVR
8.79%
Product period
Five years
Arrangement fee
£999
LTV rate
60.00%
APRC
8.30% APRC
Website Maintenance
Our website will undergo maintenance on Wednesday, 8th May from 06:00 to 08:55 as part of our commitment to keeping you informed with the latest updates. Please note, our Online Mortgage Portal will be temporarily inaccessible during this period.
Notices
On Wednesday 15 May to celebrate Mental Health Awareness week, all Saffron colleagues will have the opportunity between 9:00a.m–10:00a.m to spend some time on their physical health. As a result, our phone lines will be opening at 10am.
We apologise for any inconvenience this may cause.
This product allows flexibility for borrowers in later life. Only available to retired borrowers on an interest only basis, with the loan being repaid by sale of the property on a set life event. They are for an open ended term.
Product Details
N.B. The POA product requires a Power Of Attorney to be in place at completion, for contact reasons.
*Overpayments of up to 20% per annum are allowed without penalty.
PLEASE READ THE GUIDANCE NOTES BEFORE SUBMITTING A CASE
In addition, please print off a copy of our Supplementary Sheet for your customer.
6.37% (fixed)
8.79%
Five years
£999
60.00%
8.30% APRC
6.27% (fixed)
8.79%
Five years
£999
60.00%
8.30% APRC
5.79% (variable)
8.79%
Two years
£499
60.00%
8.70% APRC
6.09% (variable)
8.79%
Two years
£499
60.00%
8.70% APRC