Standard Interest Only

Who is it for?

Our Standard Interest Only Mortgage is available from age 50, whether your client is working or retired.

Your client pays only the interest each month but chooses the term unlike with a Retirement Interest Only (RIO) mortgage, which has no specified end date.

Standard Interest Only could be suitable for a wide range of circumstances, including:

  • Purchasing a new property
  • Remortgaging an existing loan
  • Generating funds for home improvements, lifestyle or to start a Bank of Mum and Dad
  • Staying in the property in the short term before downsizing or awaiting an inheritance payout.
  • IHT planning and wealth management
  • Those who aren’t ready or who don’t currently qualify for a RIO mortgage or Lifetime Mortgage (equity release) product. A Standard Interest Only mortgage can act as a bridge into these.

Minimum Equity Requirements

With Standard Interest Only, your client is required to hold sufficient equity in the mortgaged property.

You can use our simple minimum equity finder to see the required amount in their region.

Key Points:

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    Up to 70% LTV:

    Borrow up to 70% loan to value

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    40 years:

    Up to 40 years maximum loan term.

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    Available from :

    Open to your clients aged 50.

    For joint borrowers, the youngest borrower can be aged at least 45.

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    0.55% gross proc fee:

    We have 2 proc fee options. Choose from:

    • Our Standard Proc Fee of 0.55% gross upfront
    • Our Ongoing Proc Fee of 0.55% gross upfront plus an additional 0.13% gross every year thereafter, for up to 15 years

    Our Ongoing Proc Fee requires an annual customer care call.

Product Rates


Download these guides to explore our products and criteria.