Summary: RIO mortgages significantly reduce the risk of being forced to sell your home prematurely, as there is no set expiry date. The main risks of a forced sale arise only if you default on the required monthly interest payments or if the agreed trigger event occurs (such as death or moving into care) and the remaining debt cannot be settled by the estate through other means.

Summary: RIO mortgages can be used to purchase a new home, offering a solution for older buyers. However, eligibility relies heavily on demonstrating sufficient retirement income to comfortably cover the interest payments for the rest of your life, and the property must meet the lender’s valuation requirements.