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Retirement interest-only mortgages offer lifeline to older borrowers – there are now 13 providers offering RIO mortgages, with 41 products available. In July 2018, it was just two providers and five products. Almost all the lenders offering them are building societies..
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Leeds Building Society now offers mortgages to 80-year-olds – A RIO mortgage allows retirees to stay in their home and only pay. how to support them in later life and we continue to work closely with consumers and our broker partners to further enhance our.