Stuart Wilson of more 2 life: Market could introduce a 'LIO' mortgage

A 'Lifetime Interest-Only' mortgage could give consumers the benefit of a rollup lifetime mortgage but with an interest served portion on top to reach higher LTVs.

Stuart Wilson of more 2 life: Market could introduce a 'LIO' mortgage

Stuart Wilson of more 2 life wants the market to introduce a 'Lifetime Interest-Only' mortgage - a product that gives consumers the benefit of a rollup lifetime mortgage but with an interest served portion on top to reach higher LTVs. He also discusses whether equity release can now be considered a mainstream product, whether RIO and equity release products are overly siloed, dealing with legacy issues and fixed rate ERC products.