Indicative Later Life Mortgage Rates - November 2026
| Product | LTV | Rate from | Lenders |
|---|---|---|---|
| Retirement Interest-Only (RIO) | Up to 60% | 4.69% fixed | Hodge, LiveMore |
| Retirement Interest-Only (RIO) | Up to 70% | 5.29% fixed | Hodge, LiveMore |
| Later Life Capital & Interest | Up to 65% | 4.89% fixed | LiveMore, Family BS |
| Standard 55+ Mortgage | Up to 75% | 4.49% fixed | Family BS, Principality |
| Lifetime Mortgage (equity release) | Up to 50% (age 65) | 5.99% MER | L&G, Pure, Aviva |
| Lifetime Mortgage (equity release) | Up to 55% (age 70) | 6.29% MER | L&G, Pure, Aviva |
Rates shown are indicative only, correct as of November 2026, and subject to change without notice. Rates available are subject to individual circumstances, credit assessment, property type and lender criteria.
Which Later Life Product Is Right for You?
| RIO Mortgage | Lifetime Mortgage | Standard 55+ Mortgage | |
|---|---|---|---|
| Monthly payments? | Yes - interest only | No - interest rolls up | Yes - capital & interest or IO |
| Capital repaid? | On death / sale of home | On death / sale of home | Over term or on death / sale |
| Minimum age | 55 | 55 (some from 50) | 55 (some lenders from 50) |
| Max LTV | 70% | 55% (age 65) | 75% |
| Inheritance impact | Low - balance unchanged | High - interest compounds | Low - balance reduces |
| FCA regulated | Yes - MCOB applies | Yes - MCOB 8 applies | Yes - MCOB applies |
| Best if... | You can afford monthly interest and want to preserve estate | You need funds without monthly outgoing | You have strong retirement income and want capital repayment |
Our Later Life Lender Panel
We work with more than 25 specialist later life lenders, including:
- Hodge Mortgages - leading later life and RIO specialist, borrowers from 50
- LiveMore Capital - no maximum age limit, pension income accepted
- Family Building Society - flexible later life lending with sensible age limits
- Legal & General Home Finance - leading equity release and lifetime mortgage provider
- Pure Retirement - specialist lifetime mortgage lender
- Aviva - lifetime mortgages with optional partial repayment
- Principality Building Society - residential lending with no upper age limit