Retirement interest-only mortgages still struggling to make waves | Mortgage Strategy - Property Posts
Retirement interest-only mortgages still struggling to make waves | Mortgage Strategy
The number of retirement-interest only (Rio) mortgages sold doubled on an annual basis in the third quarter of 2021, Responsible Life says. According to data gleaned from the Financial Conduct Authority (FCA), in Q3 2020, 386 of the product type were sold, which compares to 761 in Q3 2021 – a 97.2% increase.
Source: Retirement interest-only mortgages still struggling to make waves | Mortgage Strategy