RIO affordability calculator

Our affordability calculator will give you an indication of the amount your client could borrow.

Please make sure you complete the mortgage loan amount, income and monthly payments as accurately as possible.

Please make sure you click on the information buttons to understand what amounts you need to include for your client.


Retirement Interest Only Mortgage affordability calculator

Once you've received a figure, you'll need to complete a full Decision in Principle to receive the exact amount your client can borrow. This is subject to the information you provided, plus the results of a credit reference check. Applications are subject to our standard lending criteria, status and financial standing.

The calculator gives an estimate of affordability and is not a guarantee of lending. Additional evidence may be required. 

A Retirement Interest Only Mortgage is a loan secured against your client's home. As a last resort, their home may be repossessed if they don't keep up with payments.

Required information for each applicant

  • Their property value

  • Their desired loan amount

  • Dependants and retirement age

  • Employment and other income

  • Pension income

  • Monthly payments