We've enhanced later life lending with Fixed Rate RIO options 

We've introduced two new fixed rate Retirement Interest Only (RIO) mortgage products to its later life lending range. 

The new RIO two-year fixed rate and RIO five-year fixed rate will be available to customers aged 55 years and over, with a maximum loan size of £750,000 and a loan to value of 55%. 

These products are offered alongside our existing RIO variable rate mortgage and strengthen our later life lending proposition which also includes an interest only offering to age 80 and the removal of any upper age limit on a repayment basis. Undrawn pension pots and investment portfolios can also be used to aid affordability. 

Kathy Bowes, Intermediary Manager at The Cambridge, said: 

“Later life lending is an increasingly important area for our members and intermediary partners, as the number of older borrowers continues to grow and demand rises for flexible mortgage solutions that support their needs.  

“Our purpose is to help people have a home, and by enhancing our RIO range we are reinforcing our commitment to providing responsible, flexible mortgage solutions for the later life market.” 

The launch reflects our ongoing commitment to responsible later life lending, offering customers greater choice and payment certainty while maintaining a cautious approach to lending. 

Cambridge Building Society mortgages are available on properties across England and Wales.   

Lending decisions across all mortgage products are based on individual circumstances rather than credit scores alone.  

To discuss a product or talk through a case, call 0345 601 2744 or email the intermediary team at intermediary@cambridgebs.co.uk.