Vernon Building Society launches offset retirement interest-only deal

Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance.  But … Read more

More choice for older borrowers looking for retirement interest-only mortgages

More choice for older borrowers looking for retirement interest-only mortgages By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 25 February 2020 | Updated: 09:09 GMT, 26 February 2020 Older borrowers now have more retirement interest-only (Rio) mortgages to choose from. There are 18 providers offering 74 deals — up from just 36 … Read more