Halifax Retirement Interest Only Mortgage Rates – 3.11% Fixed For Life

Halifax Retirement Interest Only Mortgage Rates 2022

 

As of May 2022, Halifax Retirement Interest Only Mortgage Rates are still very low.

  • 3.11% fixed for life
  • Repay a current interest only mortgage
  • Up to 70% loan to value
  • No early repayment charges
  • Free valuation
  • Free No Obligation Quote

  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

 

Halifax Retirement Mortgages with monthly repayments

A Retirement Interest Only Mortgage is a mortgage product that allows customers to repay the interest on their mortgage during retirement, while the capital is either repaid by the sale of the property or from other savings. This type of mortgage can offer customers significant advantages compared to traditional repayment mortgages, particularly if they are looking to downsize in retirement. However, it is important to be aware of the potential risks before taking out a Retirement Interest Only Mortgage.

One of the key advantages of a Retirement Interest Only Mortgage is that it can provide customers with greater flexibility in retirement. They can choose to make lower monthly payments than would be required on a repayment mortgage, freeing up cash for other purposes. Retirement Interest Only Mortgages can also be used to release equity from a property, which can be used to fund home improvements or to support a family member onto the property ladder.

Another advantage of Retirement Interest Only Mortgages is that they can help to reduce inheritance tax liabilities. If the property is sold after the customer’s death, the proceeds can be used to repay the mortgage and any remaining equity will pass to their beneficiaries free of Inheritance Tax. This is because Retirement Interest Only Mortgages are not currently subject to Inheritance Tax rules.

Lifetime Mortgages Interest Only with interest only monthly payments

Lifetime Mortgages Interest Only

Lifetime Mortgages Interest Only

RIO Mortgages Over 60 that is not a lifetime mortgage

Mortgages Over 60

Mortgages Over 60

Interest Only Mortgages For Over 65s to repay a current interest only mortgage

Interest Only Mortgages For Over 65S

Interest Only Mortgages For Over 65S

RIO Mortgages For Over 75s where older mortgage borrowers prove retirement income

Mortgages For Over 75S

Mortgages For Over 75S

RIO Mortgages For Pensioners through an independent mortgage broker

Mortgages For Pensioners

Mortgages For Pensioners

Release Equity From House with mortgages retirement interest only payments

Release Equity From House

Release Equity From House

Retirement Mortgages with an affordability assessment

Retirement Mortgages

Retirement Mortgages

Mortgage Advice Newcastle for a standard interest only mortgage

Mortgage Advice Newcastle

Mortgage Advice Newcastle

RIO Mortgage For Over 70 only mortgages retirement interest

Mortgage For Over 70

Mortgage For Over 70

Halifax Retirement Mortgage equity release

 

Retirement Interest Only Mortgages Halifax with monthly interest repayments

 

Retirement Mortgages Halifax with lower rates than lifetime mortgages

 

Halifax Retirement Interest Only Mortgage Rates based on retirement income

 

Halifax Retirement Interest Only Mortgage with monthly interest payments

 

Halifax Retirement Interest Only Mortgage Rates

 

Halifax is a division of Bank of Scotland plc.

Bank of Scotland plc is registered with company number SC327000.

Our registered office is at The Mound, Edinburgh, EH1 1YZ.

We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.