5 Stars
On Google / Trust Pilot Reviews
Retirement Interest Only Mortgage?
We're Here to Help.
A RIO mortgage works much like a standard interest-only mortgage — you make monthly interest payments, keeping the balance the same for as long as you have the mortgage. The loan is usually repaid when you sell your home, move into long-term care, or pass away.
At Chetwood Lloyd Mortgages, we’ll help you explore your options, compare lenders, and find the most suitable deal for your situation — all with independent, fee-free advice.
5 Stars
On Google / Trust Pilot Reviews
Retirement Interest Only Mortgage?
We're Here to Help.
A RIO mortgage works much like a standard interest-only mortgage — you make monthly interest payments, keeping the balance the same for as long as you have the mortgage. The loan is usually repaid when you sell your home, move into long-term care, or pass away.
At Chetwood Lloyd Mortgages, we’ll help you explore your options, compare lenders, and find the most suitable deal for your situation — all with independent, fee-free advice.
5 Stars
On Google / Trust Pilot Reviews
Retirement Interest Only Mortgage?
We're Here to Help.
A RIO mortgage works much like a standard interest-only mortgage — you make monthly interest payments, keeping the balance the same for as long as you have the mortgage. The loan is usually repaid when you sell your home, move into long-term care, or pass away.
At Chetwood Lloyd Mortgages, we’ll help you explore your options, compare lenders, and find the most suitable deal for your situation — all with independent, fee-free advice.
Is a RIO Mortgage
Right
for You?
It’s natural to have questions or worries. Here are some of the most common problems we hear from our clients
I’m worried I won’t be able to afford the payments
That’s a sensible concern. With a RIO mortgage, you only pay the interest each month — so your balance stays the same. We’ll check your income carefully
I don’t want to risk losing my home
As long as you keep up with the monthly interest payments, your home remains completely yours. There’s no fixed end date — the mortgage only ends when you sell, move into care, or pass away
I want to leave something for my family
Because the loan amount doesn’t increase over time, any rise in your property’s value can still form part of your estate. It’s a way to unlock funds now, while protecting future inheritance
Can I move house later on?
Yes — most RIO lenders allow you to move home, provided the new property meets their criteria. We’ll help you understand what flexibility each lender offers
It all sounds a bit complicated
That’s what we’re here for. We’ll explain everything clearly, step by step, and help you make an informed choice that fits your goals and lifestyle — with no jargon
We Make RIO
Mortgages Simple
Making financial decisions later in life can feel daunting. Here’s how we help you feel confident every step of the way
01
01
01
We Find the Best RIO Mortgages
We are whole-of-market advisors, so compare lenders to find you the best solution.
02
02
02
We Guide You Through Every Step
You don’t have to figure it out alone. We explain your options in plain English and help you make the right choice.
03
03
03
We Handle the Whole Process for You
From paperwork to valuations, we support you in dealing with the administrative side, saving you time and hassle.
04
04
04
We Help You Plan for the Future
From inheritance protection to flexible repayment options, we’ll help you choose a product that fits your long-term goals and your family's needs.
05
05
05
Our Advice Is 100% Free
Like other advisors, we’re paid a commission by the lender – but unlike many, we don’t charge you any additional fees.
How It Works
We make it a clear, stress-free process — and we’re with you every step of the way to explain, guide, and take care of everything.
Get in touch for a free chat
Fee-Free, Whole-of-Market Advice
Call us, send a message, or book a time that suits you — there’s no pressure or obligation. We’ll ask a few simple questions to understand your situation and explain how a lifetime mortgage could work for you.
Call us, send a message, or book a time that suits you — there’s no pressure or obligation. We’ll ask a few simple questions to understand your situation and explain how a lifetime mortgage could work for you.
We guide you through your options
Fee-Free, Whole-of-Market Advice
We’ll go through everything in a clear, online presentation — tailored to your needs. Afterwards, we’ll send a full written summary for you to read at your leisure or share with family. If you're happy to go ahead, you simply instruct us to proceed.
We’ll go through everything in a clear, online presentation — tailored to your needs. Afterwards, we’ll send a full written summary for you to read at your leisure or share with family. If you're happy to go ahead, you simply instruct us to proceed.
We take care of everything
Fee-Free, Whole-of-Market Advice
We’ll arrange the mortgage with the lender, handle all the legal work, and can also help you set up a Will or Power of Attorney if needed. We’ll keep you informed every step of the way — it’s all part of our fee-free, fully independent service.
We’ll arrange the mortgage with the lender, handle all the legal work, and can also help you set up a Will or Power of Attorney if needed. We’ll keep you informed every step of the way — it’s all part of our fee-free, fully independent service.
What Our Customers
Say
About Us
See what our happy customers have to say about their experience with us — real stories from people we’ve helped every step of the way.
We had a fantastic experience with Jamie & Co at Chetwood Lloyd. No ask was too much for Jamie who was always on hand to answer questions etc. do not hesitate, Jamie and his team are brilliant at what they do and they have literally changed our lives! Mark and Debbie.
MR
Mark Rogers
Trustpilot
Very pleased with the service provided by Jamie at Chetwood Lloyd, not only is he a nice guy but he is also very thorough at what he does. I would definitely recommend to others.
KA
Kate
Trustpilot
We couldn’t have asked for a better mortgage advisor. Jamie made everything so easy to understand and was always there whenever we had questions. Really took the stress out of the whole process of buying our first home and we’re so grateful for all the help!
MM
Matthew Martin
Google Business
Jamie was recommended to us by a friend who also had a great customer experience with him. What can I say! Jamie is the best person to have if you're looking for a mortgage.
TR
Trev
Trustpilot
We couldn’t recommend Chetwood Lloyd any more! From the beginning to the finish of our purchase Jamie was there for us the whole way showing years of knowledge and giving us his expert advise when needed. Jamie took the stress away from what is normally a highly stressful period. Will use Chetwood every time
RT
Rosie Treanor
Google Business
Jamie at Chetwood Lloyd has been my mortgage advisor for the last 8 years, he helped me buy my first house, my first shared home and more recently pulled out all the stops to make sure I could take over the mortgage for that home by myself. Whilst he’s in the business I’ll never take my business anywhere else. Thoroughly recommended
MS
Michael Shannon
Google Business
This is the second time we've used Jamie for mortgage services and we would not hesitate to use him again. Always on hand to answer questions, no matter how trivial. He always looks at what's best for us both financially and in terms of customer service, demonstrating that price is not the only element to consider. He takes all the pain out of dealing with mortgages, freeing us up to chase the conveyancers.
NR
Nicola Roberts
Trustpilot
Have been using Chetwood Lloyd Mortgages for a good few years now. We've have had several mortgages and also some Life policies. Would not go anywhere else and can highly recommend. Definitely 5 stars they go above and beyond every time.
LC
Lisa Cavanagh
Google Business
Jamie and his team were a pleasure to have work for us. We were fully guided by highly motivated, compassionate professionals through the challenges we faced as a self employed, immigrant couple. We couldn't be more pleased with the help they provided, and subsequently the result. Highly recommended and worth every single penny.
KS
Kelley Snell
Trustpilot
With the help of the team at Chetwood Lloyd we just completed on our first home. I can't state highly enough the exceptional level of service they provide. They keep you informed every step of the way, always go the extra mile and are available for calls/emails to answer any questions throughout the process.
LD
Luke Davidson-Clarke
Google Business
I am so glad to have Jamie, Gurpreet and all the team at Chetwood Lloyd taking care of me when it comes to my mortgage. They are always so friendly, extremely knowledgeable and always help to explain the jargon that can sometimes seem confusing and daunting. The really take care of their clients and I would recommend them wholeheartedly!
SJ
Sarah-Jayne Powell
Googld Business
We have dealt with Chetwood Lloyd Mortgages for many years now, We always get great advice and support. Jamie is fantastic and he is very knowledgeable, he always put his customers first. I find him very friendly to deal with and both me and my wife feel we are always in good hands. We would recommend Chetwood Lloyd to any of our friends.
KJ
Kevin Jones
Google Business
We had a fantastic experience with Jamie & Co at Chetwood Lloyd. No ask was too much for Jamie who was always on hand to answer questions etc. do not hesitate, Jamie and his team are brilliant at what they do and they have literally changed our lives! Mark and Debbie.
MR
Mark Rogers
Trustpilot
Very pleased with the service provided by Jamie at Chetwood Lloyd, not only is he a nice guy but he is also very thorough at what he does. I would definitely recommend to others.
KA
Kate
Trustpilot
We couldn’t have asked for a better mortgage advisor. Jamie made everything so easy to understand and was always there whenever we had questions. Really took the stress out of the whole process of buying our first home and we’re so grateful for all the help!
MM
Matthew Martin
Google Business
Jamie was recommended to us by a friend who also had a great customer experience with him. What can I say! Jamie is the best person to have if you're looking for a mortgage.
TR
Trev
Trustpilot
We couldn’t recommend Chetwood Lloyd any more! From the beginning to the finish of our purchase Jamie was there for us the whole way showing years of knowledge and giving us his expert advise when needed. Jamie took the stress away from what is normally a highly stressful period. Will use Chetwood every time
RT
Rosie Treanor
Google Business
Jamie at Chetwood Lloyd has been my mortgage advisor for the last 8 years, he helped me buy my first house, my first shared home and more recently pulled out all the stops to make sure I could take over the mortgage for that home by myself. Whilst he’s in the business I’ll never take my business anywhere else. Thoroughly recommended
MS
Michael Shannon
Google Business
This is the second time we've used Jamie for mortgage services and we would not hesitate to use him again. Always on hand to answer questions, no matter how trivial. He always looks at what's best for us both financially and in terms of customer service, demonstrating that price is not the only element to consider. He takes all the pain out of dealing with mortgages, freeing us up to chase the conveyancers.
NR
Nicola Roberts
Trustpilot
Have been using Chetwood Lloyd Mortgages for a good few years now. We've have had several mortgages and also some Life policies. Would not go anywhere else and can highly recommend. Definitely 5 stars they go above and beyond every time.
LC
Lisa Cavanagh
Google Business
Jamie and his team were a pleasure to have work for us. We were fully guided by highly motivated, compassionate professionals through the challenges we faced as a self employed, immigrant couple. We couldn't be more pleased with the help they provided, and subsequently the result. Highly recommended and worth every single penny.
KS
Kelley Snell
Trustpilot
With the help of the team at Chetwood Lloyd we just completed on our first home. I can't state highly enough the exceptional level of service they provide. They keep you informed every step of the way, always go the extra mile and are available for calls/emails to answer any questions throughout the process.
LD
Luke Davidson-Clarke
Google Business
I am so glad to have Jamie, Gurpreet and all the team at Chetwood Lloyd taking care of me when it comes to my mortgage. They are always so friendly, extremely knowledgeable and always help to explain the jargon that can sometimes seem confusing and daunting. The really take care of their clients and I would recommend them wholeheartedly!
SJ
Sarah-Jayne Powell
Googld Business
We have dealt with Chetwood Lloyd Mortgages for many years now, We always get great advice and support. Jamie is fantastic and he is very knowledgeable, he always put his customers first. I find him very friendly to deal with and both me and my wife feel we are always in good hands. We would recommend Chetwood Lloyd to any of our friends.
KJ
Kevin Jones
Google Business
We had a fantastic experience with Jamie & Co at Chetwood Lloyd. No ask was too much for Jamie who was always on hand to answer questions etc. do not hesitate, Jamie and his team are brilliant at what they do and they have literally changed our lives! Mark and Debbie.
MR
Mark Rogers
Trustpilot
Very pleased with the service provided by Jamie at Chetwood Lloyd, not only is he a nice guy but he is also very thorough at what he does. I would definitely recommend to others.
KA
Kate
Trustpilot
We couldn’t have asked for a better mortgage advisor. Jamie made everything so easy to understand and was always there whenever we had questions. Really took the stress out of the whole process of buying our first home and we’re so grateful for all the help!
MM
Matthew Martin
Google Business
Jamie was recommended to us by a friend who also had a great customer experience with him. What can I say! Jamie is the best person to have if you're looking for a mortgage.
TR
Trev
Trustpilot
We couldn’t recommend Chetwood Lloyd any more! From the beginning to the finish of our purchase Jamie was there for us the whole way showing years of knowledge and giving us his expert advise when needed. Jamie took the stress away from what is normally a highly stressful period. Will use Chetwood every time
RT
Rosie Treanor
Google Business
Jamie at Chetwood Lloyd has been my mortgage advisor for the last 8 years, he helped me buy my first house, my first shared home and more recently pulled out all the stops to make sure I could take over the mortgage for that home by myself. Whilst he’s in the business I’ll never take my business anywhere else. Thoroughly recommended
MS
Michael Shannon
Google Business
This is the second time we've used Jamie for mortgage services and we would not hesitate to use him again. Always on hand to answer questions, no matter how trivial. He always looks at what's best for us both financially and in terms of customer service, demonstrating that price is not the only element to consider. He takes all the pain out of dealing with mortgages, freeing us up to chase the conveyancers.
NR
Nicola Roberts
Trustpilot
Have been using Chetwood Lloyd Mortgages for a good few years now. We've have had several mortgages and also some Life policies. Would not go anywhere else and can highly recommend. Definitely 5 stars they go above and beyond every time.
LC
Lisa Cavanagh
Google Business
Jamie and his team were a pleasure to have work for us. We were fully guided by highly motivated, compassionate professionals through the challenges we faced as a self employed, immigrant couple. We couldn't be more pleased with the help they provided, and subsequently the result. Highly recommended and worth every single penny.
KS
Kelley Snell
Trustpilot
With the help of the team at Chetwood Lloyd we just completed on our first home. I can't state highly enough the exceptional level of service they provide. They keep you informed every step of the way, always go the extra mile and are available for calls/emails to answer any questions throughout the process.
LD
Luke Davidson-Clarke
Google Business
I am so glad to have Jamie, Gurpreet and all the team at Chetwood Lloyd taking care of me when it comes to my mortgage. They are always so friendly, extremely knowledgeable and always help to explain the jargon that can sometimes seem confusing and daunting. The really take care of their clients and I would recommend them wholeheartedly!
SJ
Sarah-Jayne Powell
Googld Business
We have dealt with Chetwood Lloyd Mortgages for many years now, We always get great advice and support. Jamie is fantastic and he is very knowledgeable, he always put his customers first. I find him very friendly to deal with and both me and my wife feel we are always in good hands. We would recommend Chetwood Lloyd to any of our friends.
KJ
Kevin Jones
Google Business
Your trusted
RIO mortgages guide
&
helping hand
We’ll explain everything clearly from how it works to what it means for your long-term plans — ensuring the solution fits your lifestyle and goals.
Truly Independent
Truly Independent
Always Fee-Free
Always Fee-Free
Clear, Honest Advice
Clear, Honest Advice
Friendly & Approachable
Friendly & Approachable
Support Beyond the Mortgage
Support Beyond the Mortgage
With You Every Step
With You Every Step
Schedule Your
Appointment
Appointment
Booking an appointment with us is simple and completely pressure-free. Whether you’re exploring your options, have a few questions, or are ready to take the next step, we’ll guide you through everything clearly and at your own pace.
Send a
message to us
message to us
We will guide you each and every step.
Our Office Address
Our Office Address
Dalton House, 35 Chester St, Wrexham LL13 8AH, United Kingdom
Dalton House, 35 Chester St, Wrexham LL13 8AH, United Kingdom
Got Any Questions?
Got Any Questions?
We’ve Got The
Answers
We’re here to make everything clear and easy to understand. From how lifetime mortgages work to what happens to your home or inheritance, we’ll explain it all in plain English, with no jargon and no pressure. Explore some of the most common questions below, and if you’d like to chat through your own situation, our friendly team is just a call away.
We’re here to make everything clear and easy to understand. From how lifetime mortgages work to what happens to your home or inheritance, we’ll explain it all in plain English, with no jargon and no pressure. Explore some of the most common questions below, and if you’d like to chat through your own situation, our friendly team is just a call away.
What’s the difference between a RIO and a Lifetime Mortgage
What’s the difference between a RIO and a Lifetime Mortgage
What’s the difference between a RIO and a Lifetime Mortgage
How much can I borrow?
How much can I borrow?
How much can I borrow?
Can I pay off a RIO mortgage early?
Can I pay off a RIO mortgage early?
Can I pay off a RIO mortgage early?
What happens if I move into care or pass away?
What happens if I move into care or pass away?
What happens if I move into care or pass away?
The next step
Stay in Control of Your Home
and your future
Whether you want to replace an existing mortgage, release funds for later-life plans, or simply understand how a RIO mortgage works, we’re here to guide you — calmly, clearly, and without any pressure..
Jamie
Gurpreet
The next step
Stay in Control of Your Home
and your future
Whether you want to replace an existing mortgage, release funds for later-life plans, or simply understand how a RIO mortgage works, we’re here to guide you — calmly, clearly, and without any pressure..
Jamie
Gurpreet
The next step
Stay in Control of Your Home
and your future
Whether you want to replace an existing mortgage, release funds for later-life plans, or simply understand how a RIO mortgage works, we’re here to guide you — calmly, clearly, and without any pressure..
Jamie Mielczarek
Gurpreet Mielczarek
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA) 930774
Our
Company
Our
Services
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA). The FCA regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/firms/systems-reporting/register. Our Financial Services Register number is 930774.Registered office: Dalton House, 35 Chester Street, Wrexham, LL13 8AH.Chetwood Lloyd Mortgages is registered in England and Wales with company number12637290.The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy To Lets. A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567
Copyright © 2025 Chetwood Lloyd Mortgages
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA) 930774
Our
Company
Our
Services
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA). The FCA regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/firms/systems-reporting/register. Our Financial Services Register number is 930774.Registered office: Dalton House, 35 Chester Street, Wrexham, LL13 8AH.Chetwood Lloyd Mortgages is registered in England and Wales with company number12637290.The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy To Lets. A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567
Copyright © 2025 Chetwood Lloyd Mortgages
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA) 930774
Our
Company
Our
Services
Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FCA). The FCA regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/firms/systems-reporting/register. Our Financial Services Register number is 930774.Registered office: Dalton House, 35 Chester Street, Wrexham, LL13 8AH.Chetwood Lloyd Mortgages is registered in England and Wales with company number12637290.The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy To Lets. A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567
Copyright © 2025 Chetwood Lloyd Mortgages