Dividend Income in Retirement
Is Dividend Income which is received in Retirement an acceptable source of income for Affordability Assessment?
Lending in Retirement - Applicant Retired at Application
Will we accept an application where an applicant is already retired? If so, what it the policy on this?
Lending into Retirement - Term Extends into Retirement
Will we consider an application where an applicant is not currently retired but where the term of the mortgage will extend into retirement? If so, what is the policy on this?
Lifetime Mortgages
Do we offer Lifetime Mortgages?
Retirement Interest Only (RIO): Acceptable Repayment Vehicles / Strategies
What repayment vehicles / strategies are acceptable for RIO lending?
Retirement Interest Only (RIO): Can consider Non-Guaranteed Future Income
Will we consider Non-Guaranteed Future Income in the assessment of affordability? If so, what is the policy on this?
Retirement Interest Only (RIO): Enhanced Terms where Lasting Power of Attorney / LPA exists?
Do we offer Enhanced Terms for RIO mortgages where Lasting Power of Attorney Exists? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Benefit Income
Will the lender consider Benefit Income as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Family Assistance
Will we consider Financial Assistance from Family Members as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Investment Income
Will we consider the Survivor's Investment Income as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Life Cover
Will we consider the Projected Proceeds from a Life Policy as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Pension
Will we consider the Survivor's Pension Income as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Joint Application First Death Affordability for Survivor - Rental Income
Will we consider the Survivor's Rental Income as part of the Affordability Assessment? If so, what is the policy on this?
Retirement Interest Only (RIO): Lasting Power of Attorney / LPA required
Is Lasting Power of Attorney required for RIO lending?
Retirement Interest Only (RIO): Maximum Age at Application Main Applicant
What is the Maximum Age at Application that is considered acceptable for RIO lending (Main Applicant)?
Retirement Interest Only (RIO): Maximum Age at Application Second Applicant
What is the Maximum Age at Application that is considered acceptable for RIO lending (second applicant)?
Retirement Interest Only (RIO): Maximum Age at End of Term Main Applicant
What is the Maximum Age at End of Term Acceptable for RIO lending (Main Applicant)?
Retirement Interest Only (RIO): Maximum Age at End of Term Second Applicant
What is the Maximum Age at End of Term that is acceptable for RIO lending (second applicant)?
Retirement Interest Only (RIO): Maximum Borrowing / Loan Amount
What is the Maximum Borrowing / Loan Amount available for RIO lending?
Retirement Interest Only (RIO): Maximum Term
What is the Maximum Term available for Retirement Interest Only (RIO) lending?
Retirement Interest Only (RIO): Minimum Age Main Applicant
What is the Minimum Age acceptable for RIO lending (Main Applicant)?
Retirement Interest Only (RIO): Minimum Age Second Applicant
What is the Minimum Age acceptable for RIO lending (second applicant)?
Retirement Interest Only (RIO): Minimum Borrowing / Loan Amount
What is the Minimum Borrowing / Loan Amount available for RIO lending?
Retirement Interest Only (RIO): Minimum Equity Requirement
What is the Minimum Equity Required in order to consider RIO lending?
Retirement Interest Only (RIO): Minimum Income Requirements
What is the minimum household income acceptable for the assessment of affordability for RIO lending?
Retirement Interest Only (RIO): Minimum Property Value
What is the Minimum Property Value that is considered acceptable for RIO lending?
Retirement Interest Only (RIO): Minimum Term
What is the Minimum Term available for Retirement Interest Only (RIO) lending?
Retirement Interest Only (RIO): Mortgages
Do you offer a Retirement Interest Only Mortgages?
Retirement Interest Only (RIO): No Negative Equity Guarantee
Do we offer a No Negative Equity Guarantee for RIO lending? If so, what is the policy on this?
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