Hodge has launched a new retirement interest-only mortgage with a 'fixed-for-life' interest rate, letting you potentially lock-in your rate for over 50 years.
Nationwide's retirement interest-only mortgages (RIOs) are now available to borrowers who are not already customers. But do they have the best rates?
Many interest-only mortgage customers might not be able to afford RIO mortgage deals due to lack of pension savings.
Older borrowers will have more options for funding their retirement as Nationwide has announced a new later-life lending range. Nationwide is the first big player to join the growing number...
Which? explains the FCA's move to re-classify retirement interest-only mortgages, as the regular seeks to broaden the options available to older borrowers.