4.82% Fixed Lloyds Retirement Mortgages

Find out if Lloyds retirement mortgages are ideal for you in 2026.

• Free valuation
• Up to 70% loan-to-value
• No lender fees
• 4.82% APRC fixed for life
• Full open market valuation is applied to all property types, including leasehold houses and flats.
• No early repayment charges
• Up to one penalty-free payment holiday a year

Please complete the form below to find out more.

Lloyds mortgage for people over 75

The benefit of Lloyds bank mortgages for over 75s is the lack of early repayment charges and a generous loan-to-value ratio.

Lloyds mortgages for the over 70s

The Lloyds bank mortgages for over 70s are a great example of a competitive Rio mortgage with affordable monthly interest payments.

Lloyds mortgages for over 65s

If you have retirement income, studying Lloyds bank mortgages for over 65s could help you get the funding you need.

Equity Release Interest Rates 5.21%

With the 10-year UK gilt just under 2%, Equity Release Rates could rise, so it could be wise to lock in a reasonable rate now.

Lloyds mortgage for people over 60

Because of the way rates are structured in the bond market Lloyds mortgages for over 60s access the correct cost of capital by offering mortgages for people with specific ages. Retirement mortgages are becoming increasingly popular.

Lloyds retirement mortgages in 2026

As a Lloyds retirement mortgage is an interest-only product, the monthly interest repayments can be very affordable.

Lloyds Bank retirement interest-only mortgages calculator

When you consult an independent mortgage broker, based on your affordability assessment, retirement property status, pension income, the value of your property, affordability checks and when you are likely to die or move into

What is a retirement mortgage?

A retirement mortgage, or RIO mortgage, is very similar to a standard interest-only mortgage, where the monthly repayments cover the interest on the loan.

Can a Lloyds Bank retirement mortgage be used for estate planning?

Depending on your circumstances, RIO mortgages can be ideal for tax planning.

Who offers retirement interest-only mortgages?

Lenders for later life lending include:

• Family building society
• Leeds Building Society
• Lloyds bank
• The Marsden
• Hodge Bank
• Santander Retirement Mortgages UK
• Barclays retirement mortgages
• Retirement mortgages Halifax

An interest-only mortgage is a type of loan in which you pay only the interest on your loan each month, not the capital borrowed. This enables borrowers to keep their regular payments low, though making additional payments at some point in the future is essential for the loan to be paid off.

Who are the lowest rate retirement interest-only mortgage providers?

If you can afford the interest-only monthly payments, there are still some rates under 3% fixed for life.

What are typical retirement mortgage interest rates?

They are often much lower than lifetime mortgages, as the borrower’s proven income and the property charge are offered to support the loan.

What are the best retirement interest-only mortgages in the UK currently?

Retirement interest-only (RIo) mortgages can have a rate similar to that of a standard residential mortgage, as they function similarly. The lending criteria are adjusted to accommodate the primary residence and age requirements of older borrowers.

Should I get independent advice?

A financial adviser is very important to ensure you can make mortgage repayments. It would also be helpful to consider other debts and whether you may need to transition into long-term care.

What if I am still working but approaching retirement?

Whether you are looking for standard mortgages or a retirement interest-only mortgage doesn’t matter. You must look into the future when your income is at its lowest, maybe when one borrower dies and the other is left with the hard Rio mortgage work.

Should I consider moving to a smaller property?

If you have a loan amount you can’t pay on your existing interest-only mortgage, you could consider equity release schemes with interest roll-up, or you could move home to a smaller house or flat.  If you think property prices will decrease, you might be better off selling and moving.

Can I borrow money to buy a new property?

This is no problem as long as you have the income to afford the monthly payments and the interest rate is acceptable to you.

Is there an early repayment charge with Lloyds retirement mortgages?

No, there is no ERC to pay.

What is the minimum loan size?

It is £10,000.

Do Lloyds retirement mortgages have a fixed term?

No, they are designed for people in retirement so that they will last the rest of their lives.

Could my means-tested benefits be affected by borrowing money with loans secured on my home?

Maybe, yes, so you should get advice on this.

Can I get a repayment mortgage when I am over 65?

Yes, repayment mortgages are available, subject to your ability to pay the interest and the principal.

Is a later-life Rio mortgage a good idea for me?

Maybe yes, depending on your circumstances.

Lloyds Bank Corporate Markets plc has registered the business names of Lloyds Bank, Lloyds Bank International, Lloyds Bank Commercial Banking and Lloyds Bank Islands Commercial in Jersey.

Lloyds Corporate Markets plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850 for interest-only mortgages in retirement.

Lloyds Bank Corporate Markets plc in the UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 763256 for the Lloyds Retirement Mortgage calculator.