Hanley Economic Building Society extends RIO lending to 70% LTV

21 November 2025

Hanley Economic Building Society has strengthened its later life lending proposition by extending the maximum loan-to-value (LTV) on its Retirement Interest-Only (RIO) mortgage range to 70%, alongside the launch of two fixed rate products and two variable discount products.

The enhanced range now includes:

• 5.34% two-year fixed rate RIO mortgage
• 5.35% five-year fixed rate RIO mortgage
• 4.99% two-year variable discount RIO mortgage - a 2.85% discount off the Society’s Standard Variable Rate (SVR), currently 7.84%.
• 5.29% five-year variable discount RIO mortgage - a 2.55% discount off the Society’s Standard Variable Rate (SVR), currently 7.84%

All products are available up to 70% LTV, offered on an interest-only basis and include one free standard valuation. They are available for both purchase and remortgage purposes, with loan sizes from £30,000 up to £1,000,000. The range is open to borrowers who are already retired and aged 55 or over, and suitable for properties across England, Wales and Scotland (Scottish Islands by referral).

Each case will be assessed on an individual basis by the in-house underwriting team, meaning no credit scoring, and the products are available through the Hanley Economic Building Society branch network and selected intermediary channels.

David Lownds, Head of Products and Marketing at Hanley Economic Building Society, commented:

“Extending our maximum LTV to 70% gives older borrowers more choice at a time when flexibility in retirement is becoming increasingly important. This update strengthens the support available for those looking to manage their housing and financial needs later in life, while keeping a sensible, responsible approach to affordability and long-term stability. Our aim is to ensure our intermediary partners and their clients have access to RIO options that are clear, practical and fit for purpose, and this enhanced range reflects that ethos.”