What other options are there? If an alternative later life mortgage is right for you, we’ll pass you over to another specialist adviser within Key Group who’ll search the whole market to find the right product for your circumstances. Here are some examples of different products and solutions that may be right for you: Later life residential mortgage If you think you’re too old for a standard mortgage or can’t find a conventional one to meet your needs, we can refer you to our expert mortgage advisers to help. Mortgages can be used to buy a new property, remortgage an existing one, or release additional funds. It can be on a capital repayment or interest-only basis.* Available through Key Group Retirement interest-only mortgages A retirement interest-only mortgage (RIO) is a mortgage where you pay the interest every month until the plan ends. The original loan amount is repaid when the plan comes to an end, which is usually when you (or the last remaining applicant) either pass away or move into long-term care. A RIO is typically available to people aged 55 or over.* Available through Key Group If another product is more suitable, we'll refer you to a different adviser within Key Group who can help. If you go ahead, you'll only be charged the same £1,299 advice fee you’d pay with Key, even if their fee is usually higher. *Remember a mortgage is a loan secured against your home. Your home may be repossessed if you don't keep up repayments. Credit and affordability tests apply.
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