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If you’re not a financial adviser we can redirect you to the appropriate part of our website.
Please confirm if you’re an adviser.
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
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Their property value
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Their desired loan amount
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Dependants and retirement age
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Employment and other income
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Pension income
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Monthly payments
Retirement Interest Only Mortgage Calculator
Let's start with the property and amount they're looking to borrow
Retirement Interest Only Mortgage Calculator
Application details (Step 1/5)
We now need to know the number of applicants and any dependants
Retirement Interest Only Mortgage Calculator
We now need to know the applicant's date of birth and employment status
Retirement Interest Only Mortgage Calculator
Retirement Interest Only Mortgage Calculator
Retirement Interest Only Mortgage Calculator
Retirement Interest Only Mortgage Calculator
Retirement income currently receiving
Retirement Interest Only Mortgage Calculator
Retirement Interest Only Mortgage Calculator
Monthly payments
Retirement Interest Only Mortgage Calculator
Your application details
Applicant 1
Retirement Interest Only Mortgage Calculator
Good news, based on the information you've provided we may be able to lend your client(s) the amount they're looking for.
XXXXXX
Monthly payment amount for the duration of the loan £XXX,XXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer your client(s) a mortgage. The exact amount we'll lend will be subject to a credit reference check, confirmation of their income and the value and suitability of their property. If any of these details change then the mortgage amount we'll offer may change.
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.
Please share your details with us.
By submitting your email address you're giving consent for us to send you emails with news, information and offers on the products and services provided by Legal & General Retail Retirement.
Retirement Interest Only Mortgage Calculator
Unfortunately, based on the information you’ve provided, we wouldn’t be able to lend your client(s) the mortgage amount requested, however, your client(s) may be able to borrow:
XXXXXX
Monthly payment amount for the duration of the loan £XXX,XXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer your client(s) a mortgage. The exact amount we'll lend will be subject to a credit reference check, confirmation of their income and the value and suitability of their property. If any of these details change then the mortgage amount we'll offer may change.
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.
Please share your details with us.
By submitting your email address you're giving consent for us to send you emails with news, information and offers on the products and services provided by Legal & General Retail Retirement.
Retirement Interest Only Mortgage Calculator
Unfortunately based on the information provided your client(s) hasn't passed our affordability for a Retirement Interest Only Mortgage. They may however be eligible to take an Optional Payment Lifetime Mortgage which will also let them make monthly interest payments.
Please share your details with us.
By submitting your email address you're giving consent for us to send you emails with news, information and offers on the products and services provided by Legal & General Retail Retirement.
Retirement Interest Only Mortgage Calculator
Thank you for your submitting your details.
To find out more about our Retirement Interest Only Mortgage, see our product page.
Retirement Interest Only Mortgage Calculator
Good news, based on the information you've provided we may be able to lend your client(s) the amount they're looking for.
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer your client(s) a mortgage. The exact amount we'll lend will be subject to a credit reference check, confirmation of their income and the value and suitability of their property. If any of these details change then the mortgage amount we'll offer may change.
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.
01
Retirement Interest Only Mortgage Calculator
Unfortunately, based on the information you’ve provided, we wouldn’t be able to lend your client(s) the mortgage amount requested, however, your client(s) may be able to borrow:
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer your client(s) a mortgage. The exact amount we'll lend will be subject to a credit reference check, confirmation of their income and the value and suitability of their property. If any of these details change then the mortgage amount we'll offer may change.
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.
01
Retirement Interest Only Mortgage Calculator
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01
Property details
Property value:
Desired loan amount:
Mortgage type:
Location of property:
Ownership of property:
Property type:
Applicants
Number of applicants:
Adult dependents (18 and over):
Child dependents (17 and under):
02
Applicant 1
Applicant age:
Primary employment status:
Expected retirement age:
Secondary employment status:
Employed/Fixed Term Contract – Income 1
Annual gross basic income:
Annual gross bonus:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
03
Employed/Fixed Term Contract – Income 2
Annual gross basic income:
Annual gross bonus:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Self Employed - Income 1
Business earnings - last full year:
Business earnings - previous year:
Self Employed - Income 2
Business earnings - last full year:
Business earnings - previous year:
04
Director/Shareholder - Income 1
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Director/Shareholder - Income 2
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
05
Retirement Income
In receipt (total):
Future (total):
Dependant's death benefit (total):
Other income
Maintenance:
Disability benefits:
Investment income:
Monthly expenditure
Total credit card balance(s):
Total mortgages and secured loan(s) payments:
Total unsecured loan(s) payments:
Other on-going commitments:
06
Property Charges
Ground rent (monthly):
Service charge (monthly):
Buy To Let properties
Total monthly rental income:
Total monthly mortgage payments:
Legal & General Home Finance Limited is a wholly owned subsidiary of Legal & General Group plc. Registered in England and Wales, number 04896447.
Registered office: One Coleman Street, London EC2R 5AA. Legal & General Home Finance Limited is authorised and regulated by the Financial Conduct Authority.
Applicant 2
Applicant age:
Primary employment status:
Expected retirement age:
Secondary employment status:
Employed/Fixed Term Contract – Income 1
Annual gross basic income:
Annual gross bonus:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
08
Employed/Fixed Term Contract – Income 2
Annual gross basic income:
Annual gross bonus:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Self Employed - Income 1
Business earnings - last full year:
Business earnings - previous year:
Self Employed - Income 2
Business earnings - last full year:
Business earnings - previous year:
09
Director/Shareholder - Income 1
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Director/Shareholder - Income 2
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
10
Retirement Income
In receipt (total):
Future (total):
Dependant's death benefit (total):
Other income
Maintenance:
Disability benefits:
Investment income:
Monthly expenditure
Total credit card balance(s):
Total mortgages and secured loan(s) payments:
Total unsecured loan(s) payments:
Other on-going commitments:
11
Property Charges
Ground rent (monthly):
Service charge (monthly):
Buy To Let properties
Total monthly rental income:
Total monthly mortgage payments:
Legal & General Home Finance Limited is a wholly owned subsidiary of Legal & General Group plc. Registered in England and Wales, number 04896447.
Registered office: One Coleman Street, London EC2R 5AA. Legal & General Home Finance Limited is authorised and regulated by the Financial Conduct Authority.