Retirement Interest Only (RIO) Mortgages Continue to Grow Through Pandemic
Retirement interest-only (RIO) mortgages have grown this year, despite the global pandemic, according to Moneyfacts. The comparison site collected data which highlighted how 21 providers are currently offering RIO mortgages, the highest the number has ever been. An RIO mortgage is an interest-only mortgage aimed at those aged 55 and above. It can be used…